MarketWatch named the most popular security among shorts
Apple stock was ranked first among the stocks with the largest number of short positions. Apple’s shares were displaced from the first place by the shares of Tesla, which has been a favorite among shortists since the early days of the COVID-19 pandemic, writes MarketWatch.
According to the publication, citing a study by S3 Partners, as of September 14, the volume of short positions in Apple stock amounted to $18.4 billion, while in Tesla shares it was $17.4 billion. Elon Musk’s company spent 864 days on the first line in shortlisted since April 2020 before Apple took the position, the research firm said. Both companies are well ahead of third-place Microsoft, which has short positions of $11 billion.