A nearly 14% gain in Tesla Inc’s stock on Tuesday was likely sparked by investors looking to hop aboard its remarkable rally, rather than a reversal of bearish bets, an analysis of positioning dynamics showed. While the share price has more than doubled so far this year to $887.06, the gains do not appear to have sparked a reversal of the sizeable short position in them. As Tesla has rallied 36.4% over the past two days, short sellers have incurred $5.7 billion in paper losses. …read more
Source:: Yahoo Finance
