Frankfurt For two and a half years, Tesla was the declared favorite target of short sellers. With no other share did professional investors put more money on falling prices. But now, after 864 days, that has changed, as a study by the analysis company S3 Partners shows.
iPhone maker Apple has replaced Tesla as the stock with the biggest short bets. At Apple, these are worth $18.44 billion, at Tesla $17.44 billion. As a result, bets against the e-car builder have fallen dramatically. They peaked at $51.04 billion.
Short seller activity is closely followed in the market because it is a measure of how confident professional investors are in an individual stock or where they see greater need for hedging. In addition, the short sellers influence the price development, as the examples of Tesla and Apple show.
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