NVIDIA CorporationNVDA
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Artificial Intelligence
NVIDIA CorporationSpace Economy
NVIDIA CorporationShort interest in SpaceX has surged to roughly 196 million shares, or 31% of the free float, according to Ortex data reported by Reuters. The position more than doubled in days from about 83 million shares, a buildup Ortex co-founder Peter Hillerberg called extraordinary for a stock public less than a month. Every $1 move in the stock now translates into roughly $200 million in gains or losses for shorts, who are sitting on a mark-to-market loss of about $760 million since the June 12 IPO. Despite the crowding, borrow costs remain around 1%, giving bears little pressure to exit but creating potential fuel for a squeeze if the stock keeps rising. The stock closed June 30 at $170.86, up 6.16% from its $160.95 debut, but fell to $157 on July 1.
NVIDIA Corporation