SpaceX short sellers are running out of bullets as stock rebounds more than 40% off low
- Short interest in SpaceX fell to about 11% of the company’s publicly traded shares Wednesday, according to S3 Partners. That’s down from a peak of 34% last week.
- The decline reflects a combination of bearish investors closing out positions and a significant expansion of the stock’s tradable float after the first major lockup expiration.
- The exodus came as SpaceX shares staged a sharp rebound from their post-earnings sell-off.