The number of TSLA shares shorted has dropped by 11% during the month of June. Do the shorts see the writing on the wall? Is this the beginning of the mass exodus? Have they given up on the big payday and are now simply trying to cut their losses?
Number of TSLA shares shorted continues to slowly decline since late October.
It looks like the shorts are probably going to be able to exit without being squeezed.
A (big) part of me wants to see them suffer a squeeze, but I'm happy that more of them continue to see the error of their ways.
The shorts are continuing to slowly reduce exposure.
I think they may have given up on having the stock drop below 300. The goal now would seem to be to continue manufacturing negative news to help keep the stock price from rising as they buy up more shares to cover their short positions.