4.8 • 1.1K Ratings
🗓️ 13 November 2018
⏱️ 7 minutes
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– TSLA short interest declines by 4.1 million shares, and what that may mean for shareholders
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Executive producer Jerome Jorden
Executive producer Rob Gill
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock
The post TSLA Short Interest Falls by 4.1 Million Shares & Why it Matters (11.12.18) appeared first on TechCast Daily.
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0:00.0 | Hello and welcome to the Monday November 12th 2018 edition of Tesla Daily on |
0:11.6 | official Tesla Podcast. My name is Rob |
0:13.7 | Maurer. First of all, huge, huge thank you to all the veterans out there. Happy |
0:17.8 | Veterans Day. Your service is tremendously appreciated. All right, so |
0:22.2 | Tesla stock on the day I can take some of the blame for this after my episode on Friday, |
0:26.7 | talking about how I was bullish in the short to medium term. |
0:30.0 | Tesla was down 5.49% today. |
0:32.7 | Tesla did not get any help from the macro environment. |
0:35.4 | The Nasdac had its sixth worst day of the year, |
0:38.4 | today finishing down 2.78%. |
0:40.8 | Today doesn't change anything for me from what I said on Friday, still bullish on Tesla in the short to medium term. |
0:46.0 | Still think macro is going to be a huge wild card. |
0:49.0 | One interesting note is that today the short interest numbers for October 31st for Tesla were released. |
0:54.0 | We've talked about these in the past, we don't talk about it every single update, but I like to |
0:57.6 | point it out if there is anything interesting. |
0:59.6 | Remember this data does lag by about two weeks, so the short interest report that we have today is |
1:04.5 | for short interest as of October 31st it's more of a noteworthy update this time because that |
1:10.0 | was after the Q3 earnings report so So on the previous short interest report, |
1:14.0 | which happened on October 15th, |
1:16.1 | before the Q3 earnings report, |
1:18.4 | short interest, which is the number of shares |
1:20.5 | sold short at that point in time, was 34 million shares. On the most recent |
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