© Reuters.
By the Investing.com team
Apple Inc (NASDAQ:) recently overtook Tesla (NASDAQ:) as the stock with the most short interest in the US, according to data from S3 Partners.
As of today, Apple has an overdraft totaling $18.44 billion, compared to Tesla’s $17.44 billion.
Although the total dollar value for Apple is higher, the short stake as a percentage of free float is only 0.70% for Apple, while it is 1.8% for Tesla.
“Tesla Inc has held the top spot in the short interest rankings for 864 days, nearly two and a half years since April 2020, but Apple Inc has recently regained the crown,” commented Ihor Dusaniwsky, Chief Analytics Officer. predictive at S3 Partners in a research report.