Short interest data provides valuable insights into market sentiment towards a particular stock, reflecting the number of shares that have been sold short but not yet covered or closed out. A high short interest can indicate that a significant portion of the market expects the stock price to decline. Conversely, it can also set the stage for a "short squeeze" if the price unexpectedly rises, forcing short sellers to buy back shares to limit losses, which further drives up the price.
Here's a look at the short interest for several prominent car-related stocks:
- Lucid Group, Inc. (LCID): As of recent data, Lucid Group had a substantial short interest of approximately 393.24 million shares. The short interest as a percentage of float stood at 31.33%, with 4.82 days to cover.1 This indicates a significant bearish sentiment among short sellers.
- Rivian Automotive, Inc. (RIVN): Rivian showed a short interest of about 151.13 million shares, representing 19.52% of its float. The days to cover for RIVN were 3.13 days.2 This also suggests considerable short-selling activity.
- Ford Motor Company (F): Ford had a short interest of approximately 180.65 million shares, which is 4.66% of its float. The days to cover were 2.84.3
- General Motors Company (GM): General Motors' short interest was around 18.57 million shares, with a short float of 1.96% and 2.74 days to cover.4
- Tesla, Inc. (TSLA): Tesla's short interest was approximately 69.96 million shares, accounting for 2.58% of its float.5
- Cars.com Inc. (CARS): This automotive digital marketplace had a short interest of 4.76 million shares, with 8.18% of its float shorted and 8.04 days to cover.6
- Toyota Motor Corporation (TM): Toyota had a short interest of about 0.90 million shares.7
Understanding Key Metrics:
- Short Interest (Shares): The total number of shares currently sold short.
- Short Interest % Float: This metric expresses short interest as a percentage of the total shares available for trading (the float). A higher percentage often indicates stronger bearish sentiment and a greater potential for a short squeeze.
- Days to Cover: This is calculated by dividing the short interest by the average daily trading volume. It estimates how many days it would take for all short sellers to buy back their shares, indicating the potential intensity of a short squeeze if buying pressure emerges.
You can track detailed short interest data, including historical trends, borrow rates, and short volume, for these and many other stocks directly on Fintel's platform by searching for the specific ticker symbol. Fintel sources its short interest data directly from stock exchanges like NASDAQ and NYSE, and FINRA, ensuring official and comprehensive information.8 This data is typically updated twice monthly.6
