Tracking short interest

[Rarity]

The take away for me is that Fidelity is not a disinterested middle-man and that you have to pay attention to what they are doing. Cross-shopping their rates and moving securities to other firms when warranted seems wise.

Regarding risk, it seems like Fidelity was a little "loosey goosey" regarding their procedures (tough to know since I am not in the business). In extreme situations, perhaps the mechanics of the arrangement might not act in precisely the same way or same timeframe as expected or hoped.

 

[uselesslogin]

Wow IB has 900,000 shares available now. It would appear that many shorts are covering.

 

[Rarity]

Fidelity is now down to:

Lend TSLA: 2.00%
Lend SCTY: 36.50%

 

[MikeC]

Fidelity is now down to:

Lend TSLA: 2.00%
Lend SCTY: 36.50%

Schwab no longer offering to borrow either TSLA or SCTY. Short interest must be coming down at least a little.

 

[Rarity]

Another reduction at Fidelity for SCTY...

Lend TSLA: 2.00%
Lend SCTY: 32.00%

 

[Rarity]

SCTY is moving down fast at Fidelity...

Lend TSLA: 2.00%
Lend SCTY: 24.75%

 

[Rarity]

Today at Fidelity...

Lend TSLA: 1.50%
Lend SCTY: 17.25%

 

[hirox]

Today at Fidelity...

Lend TSLA: 1.50%
Lend SCTY: 17.25%

Have shorters begun to cover or are more people lending their shares, thus reducing the cost?

 

[Rarity]

Indications from the recently-released short interest figures suggest that shorts are covering.

I don't know of a way to quantify the people lending shares.

I can understand shorts hopping out of TSLA due to the Model 3 lines, but am a little surprised at seeing SCTY shorts decrease as the share price has increased. I guess the 100%+ rebate rate may have spooked them a bit.

 

[Rarity]

Short interest with settlement date of April 15, according to NASDAQ:

TSLA @ 29.1 million shares, down from 32.3 million shares; and
SCTY @ 23.6 million shares, down from 23.7 million shares

Fidelity made another adjustment to SCTY...

Lend TSLA: 1.50%
Lend SCTY: 15.25%

 

[Rarity]

The SCTY slide at Fidelity continues...

Lend TSLA: 1.50%
Lend SCTY: 13.00%

 

[Yonki]

The SCTY slide at Fidelity continues...

Lend TSLA: 1.50%
Lend SCTY: 13.00%

I know - there goes my whole retirement strategy...

Shorts: You can't live with 'em; you can't live (or get 45% interest rates) without 'em.

 

[CoastalCruiser]

Just in case this is of any interest... Zero Hedge piece posted around 5PM regarding short interest and pending results. ZH may be hated here, I don't know as I'm new. Just sayin'. LINK

 

[MikeC]

Just in case this is of any interest... Zero Hedge piece posted around 5PM regarding short interest and pending results. ZH may be hated here, I don't know as I'm new. Just sayin'. LINK

No hate for Zero Hedge but I sure do get tired of the same bear arguments, which this article is full of. Meaningless phrases like "priced to perfection", using market value divided by units sold to compare a disruptive growth company with a stagnant 100-year-old company, full of subjective terms like "gimmicky" and "erratic". Nothing that we haven't seen over and over for the past 3 years.

 

[CoastalCruiser]

Understood Mike C. Yes, definitely subjective.

I liked this statement: That may be the case, but Tesla had roughly the same number of shorts when the stock price was below $50: anyone who has kept their short position since then has been crushed.

 

[neroden]

Zero Hedge is not remotely trustworthy, but they don't make stuff up either, and they've broken a few stories. It should be considered an accumulation of rumors.

 

[Rarity]

Another dip on SCTY at Fidelity today...

Lend TSLA: 1.50%
Lend SCTY: 11.75%

 

[Rarity]

At Fidelity today...

Lend TSLA: 1.50%
Lend SCTY: 10.25%

 

[Rarity]

Short interest with settlement date of April 29, according to NASDAQ:

TSLA @ 28.4 million shares down from 29.1 million shares; and
SCTY @ 21.7 million shares down from 23.6 million shares.

SCTY seems to have turned the corner at Fidelity...

Lend TSLA: 1.50%
Lend SCTY: 13.00%

 

[Rarity]

Lend TSLA: 1.50%
Lend SCTY: 15.00%

Thought that all the shorts would have covered on SCTY with the recent fall, but it appears that they did the opposite. Or maybe there is some non-obvious factor at play.