Most stocks that fall below IPO price get left for dead.

$SPCX fell below IPO price and became the 𝗺𝗼𝘀𝘁 𝘀𝗵𝗼𝗿𝘁𝗲𝗱 𝗻𝗲𝘄 𝗹𝗶𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗨𝗦 𝗺𝗮𝗿𝗸𝗲𝘁 𝗵𝗶𝘀𝘁𝗼𝗿𝘆 instead.

S3 Partners just dropped the numbers:

→ 185M+ shares sold short

→ 𝟮𝟵% of the tradable float

→ $25B+ in total bearish bets

→ short interest was 5% three weeks ago

→ $75B+ raised at the June 12 IPO

→ ran past $225 after listing, now back at $135

→ shorts up $8.7B+ on paper

the bears already banked the move down.

now they're crowded into the biggest short position a new listing has ever carried.

𝗲𝘃𝗲𝗿𝘆 𝗰𝗼𝘃𝗲𝗿 𝗳𝗿𝗼𝗺 𝗵𝗲𝗿𝗲 𝗶𝘀 𝗮 𝗯𝘂𝘆 𝗼𝗿𝗱𝗲𝗿.

$TSLA was the most shorted stock in America once too. those shorts lost $38B+ in 2020 alone.

watching this one 👀

#SpaceX #SpaceXShortInterestHits29%OfFloat