Tesla short sellers lost $1.55 billion over the past 30 days

Tesla reported very strong Q2 results and the news isn’t good for those hoping for Tesla’s failure as a company.

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Tesla held the largest short interest in the market.

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Jim Chanos and David Einhorn have been betting against the company’s stock for quite some time.

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In January 2021, their losses had already accumulated to $1 billion.

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The analysis noted that Tesla’s short interest is $18.54 billion and that 24.98 million shares have been shorted.

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Tesla’s short sellers covered 2.09 million shares over the last 30 days.

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These shares were worth $1.55 billion.

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TESLA short sellers were actively trimming their exposure ahead of the earnings release, covering 2.09 million shares, worth $1.55 billion, over the last thirty days.

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This is a -7.7% decrease in TSLA shares shorted as its stock price rose +14.2%.

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