🚀 #SpaceXShortInterestFallsTo11%
SpaceX shorts just got wrecked.
Short interest crashed from a peak of 34% last week → ~11% of the tradable float (S3 Partners data via CNBC).
Why?
- Massive short covering
- First major lock-up expiration unlocked 911+ million shares, expanding the float hard
Meanwhile $SPCX ripped ~41% off its Aug 3 low and is now trading above its $135 IPO price (around $148).
“Shorts that wanted to short are out of bullets.” – Ihor Dusaniwsky, S3 Partners
Never bet against the rocket company (or the man who builds them).
More unlocks coming. The squeeze isn’t fully done yet.
#SpaceX #SPCX #ShortSqueeze #SpaceXShortInterestFallsTo11%
SpaceX shorts just got wrecked.
Short interest crashed from a peak of 34% last week → ~11% of the tradable float (S3 Partners data via CNBC).
Why?
- Massive short covering
- First major lock-up expiration unlocked 911+ million shares, expanding the float hard
Meanwhile $SPCX ripped ~41% off its Aug 3 low and is now trading above its $135 IPO price (around $148).
“Shorts that wanted to short are out of bullets.” – Ihor Dusaniwsky, S3 Partners
Never bet against the rocket company (or the man who builds them).
More unlocks coming. The squeeze isn’t fully done yet.
#SpaceX #SPCX #ShortSqueeze #SpaceXShortInterestFallsTo11%