SpaceX faced a sharp build-up in short positioning ahead of its upcoming earnings release, according to a post cited by Jin10 from financial blog Zero Hedge. The post said 95% of borrowed SpaceX shares had already been taken, while short interest reached 34% of the company’s float. Elon Musk responded to the claim by saying, “I tried to warn them, but they just increased their bets.” SpaceX is scheduled to report its second-quarter results after the U.S. stock market closes today. The report and Musk’s comment point to unusually heavy bearish positioning going into the earnings event. No other figures or details were provided in the source beyond the borrowing ratio, the short-interest level, Musk’s reply, and the timing of the Q2 earnings release.
SpaceX saw heavy short positioning ahead of its earnings release, according to Jin10, which cited an earlier post from financial blog Zero Hedge. The post said 95% of borrowed SpaceX shares had already been taken, and short interest stood at 34% of the company’s float.
Elon Musk replied: “I tried to warn them, but they just increased their bets.”
SpaceX is set to release its Q2 results after the U.S. stock market closes today.
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