Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Cost to Borrow Tesla Shares for Shorting Hits 85%

This site may earn commission on affiliate links.
#181
luvb2b said:
the real key to the whole thing is earnings and guidance. poor earnings or poor guidance and you can forget about worrying about a short squeeze and start worrying about the new longs getting crunched.
Click to expand...
Yep. Even in some cases (w/other companies), guidance and earnings can be "good" and even beat expectations but by not enough --> stock gets slammed. In some other cases, the stock falls anyway despite everything being good because expectations were "built into the stock price" already.

I haven't participated much in a lot of the threads here but I've noticed overwhelmingly it seems that people are bullish on TSLA here (maybe due to interest in the products and Elon)... And, obviously, they've been right since late March. But it's very easy to get complacent and be in for a rude awakening.

If someone bought at a peak on ~11/26/10 at almost $36, they had to wait until ~3/28/12 to just breakeven... They would've experienced the stock falling to ~$21 - $22 a bunch of times along the way.
 
#182
I thought that NASDAQ was suppose to report short interest today, I don't see it up yet, what happened?
Also, I don't think it matters if we have a high turnover rate in the shorts or not. Old short or new, they are all going to be squeezed so hard tomorrow morning when TSLA opens at $70+ and just keeps on going up.
Amazing conference call, very bullish outlook, and Elon did a great job sounding confident (didn't stumble as much this time). Provided a lot of very good visibility into the future of TSLA
 
#183
hershey101 said:
I thought that NASDAQ was suppose to report short interest today, I don't see it up yet, what happened?
Also, I don't think it matters if we have a high turnover rate in the shorts or not. Old short or new, they are all going to be squeezed so hard tomorrow morning when TSLA opens at $70+ and just keeps on going up.
Amazing conference call, very bullish outlook, and Elon did a great job sounding confident (didn't stumble as much this time). Provided a lot of very good visibility into the future of TSLA
Click to expand...

It's rumored to come out tommorow (A/O 4/30) how perfect is that?
Tesla Motors, Inc. (TSLA) Short Interest - NASDAQ.com
 
#187
avatar said:
Wow! That is still a crazy number of shorts. Tomorrow is going to be very interesting.
Click to expand...
That's basically today's volume. Safe to say that they were all forced to cover. If my memory serves. 20% is when your broker margin calls you. Not sure if it's a different number for big players. Which also mean that there weren't a lot of buyers buying at the same time. Otherwise, the squeeze would've been higher. So we got a squeeze, but we haven't converted more owners to the stock. Not surprising seeing how no body is buying stocks nowadays. I am the only one still playing after a decade + of trading around my circle of friends. Everyone else all got discouraged.
 
#188
Causalien said:
That's basically today's volume. Safe to say that they were all forced to cover. If my memory serves. 20% is when your broker margin calls you. Not sure if it's a different number for big players. Which also mean that there weren't a lot of buyers buying at the same time. Otherwise, the squeeze would've been higher. So we got a squeeze, but we haven't converted more owners to the stock. Not surprising seeing how no body is buying stocks nowadays. I am the only one still playing after a decade + of trading around my circle of friends. Everyone else all got discouraged.
Click to expand...

Availability of shorts is still (or again) *very* low. I don't think much has changed there at all, no squeeze. Unless one bunch of shorts was exchanged for another one, but I don't what we saw today was shorts trading amongst themselves, either.
 
#189
Is that data as of 5/02/2013 6pm? It's the "Due date" from the explanation info:

http://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch

It looks like the "due date" is the latest date when all FINRA member firms are required to file their reports about their short positions.

So for the May 9th data, the due date was May 2. So this data is at least 7 days old. After today's volume of 28.6M (including pre- and aftermarket) the short interest may be quite different. Do I understand this right?
 
#190
serkol said:
Is that data as of 5/02/2013 6pm? It's the "Due date" from the explanation info:

http://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch

It looks like the "due date" is the latest date when all FINRA member firms are required to file their reports about their short positions.

So for the May 9th data, the due date was May 2. So this data is at least 7 days old. After today's volume of 28.6M (including pre- and aftermarket) the short interest may be quite different. Do I understand this right?
Click to expand...

Yes and no. The Nasdaq short interest (public) website info is as-of- 4/30/2013, so 9 days old.
 
Last edited:
#191
lots of shares available to borrow today. suprising to see the cost remaining elevated after the big move up we just had.

10-May-13 -40.24%
09-May-13 -39.55%
08-May-13 -39.55%
07-May-13 -41.37%
06-May-13 -43.48%
05-May-13 -44.98%
04-May-13 -44.98%
03-May-13 -45.41%
02-May-13 -46.10%
01-May-13 -48.23%
30-Apr-13 -50.73%
29-Apr-13 -52.80%
28-Apr-13 -53.86%
27-Apr-13 -53.86%
26-Apr-13 -51.61%
25-Apr-13 -48.73%
24-Apr-13 -47.42%
23-Apr-13 -47.73%
22-Apr-13 -47.73%
21-Apr-13 -47.20%
20-Apr-13 -47.20%
19-Apr-13 -42.60%
18-Apr-13 -37.34%
17-Apr-13 -37.59%
16-Apr-13 -36.66%
15-Apr-13 -37.34%
14-Apr-13 -38.72%
13-Apr-13 -38.72%
12-Apr-13 -38.78%
11-Apr-13 -38.97%
10-Apr-13 -44.23%
9-Apr-13 -49.97%
8-Apr-13 -56.28%
7-Apr-13 -57.34%
6-Apr-13 -57.34%
5-Apr-13 -60.92%
4-Apr-13 -75.23%
3-Apr-13 -82.24%
2-Apr-13 -82.25%
1-Apr-13 -83.00%
31-Mar-13 -84.45%
30-Mar-13 -84.45%
29-Mar-13 -84.45%
28-Mar-13 -82.66%
27-Mar-13 -77.29%
26-Mar-13 -85.35%
25-Mar-13 -75.84%
24-Mar-13 -60.69%
23-Mar-13 -60.69%
22-Mar-13 -59.51%
21-Mar-13 -54.77%
20-Mar-13 -49.85%
19-Mar-13 -49.04%
18-Mar-13 -44.88%
17-Mar-13 -43.94%
 
#192
looks like no shares to borrow again today? there were 500,000 earlier this morning now all gone.
costs are coming down indicating shorts have been covering.


15-May-13 -34.13% <--- not finalized yet
14-May-13 -35.69%
13-May-13 -37.47%
12-May-13 -37.70%
11-May-13 -37.70%
10-May-13 -38.97%
09-May-13 -39.55%
08-May-13 -39.55%
07-May-13 -41.37%
06-May-13 -43.48%
05-May-13 -44.98%
04-May-13 -44.98%
03-May-13 -45.41%
02-May-13 -46.10%
01-May-13 -48.23%
30-Apr-13 -50.73%
29-Apr-13 -52.80%
28-Apr-13 -53.86%
27-Apr-13 -53.86%
26-Apr-13 -51.61%
25-Apr-13 -48.73%
24-Apr-13 -47.42%
23-Apr-13 -47.73%
22-Apr-13 -47.73%
21-Apr-13 -47.20%
20-Apr-13 -47.20%
19-Apr-13 -42.60%
18-Apr-13 -37.34%
17-Apr-13 -37.59%
16-Apr-13 -36.66%
15-Apr-13 -37.34%
14-Apr-13 -38.72%
13-Apr-13 -38.72%
12-Apr-13 -38.78%
11-Apr-13 -38.97%
10-Apr-13 -44.23%
9-Apr-13 -49.97%
8-Apr-13 -56.28%
7-Apr-13 -57.34%
6-Apr-13 -57.34%
5-Apr-13 -60.92%
4-Apr-13 -75.23%
3-Apr-13 -82.24%
2-Apr-13 -82.25%
1-Apr-13 -83.00%
31-Mar-13 -84.45%
30-Mar-13 -84.45%
29-Mar-13 -84.45%
28-Mar-13 -82.66%
27-Mar-13 -77.29%
26-Mar-13 -85.35%
25-Mar-13 -75.84%
24-Mar-13 -60.69%
23-Mar-13 -60.69%
22-Mar-13 -59.51%
21-Mar-13 -54.77%
20-Mar-13 -49.85%
19-Mar-13 -49.04%
18-Mar-13 -44.88%
17-Mar-13 -43.94%
 
#193
The cost of shorting is not a clean indicator of the total short interest, because when investors trade their shares they first have to make them unavailable for shorting. So in a period when bigger part of the float is traded, the total number of shares available for shorting should go down. Or am I missing something?
 
#194
luvb2b - is the information about interest rates the shorts are paying reasonably available, as well as # shares available to short? I spent some time today in my Ameritrade account looking around and couldn't find the info.

My interpretation of these interest rates is they may be coming down, but >30% would still be outrageously high by general market standards. Is that a reasonable interpretation?
 
#195
DonPedro said:
The cost of shorting is not a clean indicator of the total short interest, because when investors trade their shares they first have to make them unavailable for shorting. So in a period when bigger part of the float is traded, the total number of shares available for shorting should go down. Or am I missing something?
Click to expand...

i don't believe this is a two step process. that is, the shares are always available to sell for the investor. if the investor sells his shares, then the short is going to have to borrow shares from someone else. you could read more about it at the schwab website - google 'schwab fully paid share lending program' or something close to that. you are correct that cost of shorting is not a clean indicator for the short interest, but there is generally a positive correlation (higher demand to borrow shares raises the cost to borrow).

- - - Updated - - -

adiggs said:
luvb2b - is the information about interest rates the shorts are paying reasonably available, as well as # shares available to short? I spent some time today in my Ameritrade account looking around and couldn't find the info.

My interpretation of these interest rates is they may be coming down, but >30% would still be outrageously high by general market standards. Is that a reasonable interpretation?
Click to expand...

you can find a partial view of shares available for shorting at interactive brokers public site. google 'interactive brokers short list' or similar.

the cost to borrow i don't think is readily available unless you have an account with a firm who will tell you.

> 30% cost to borrow is very high. imagine in tesla it costs almost $30 per year to borrow shares, which means it's about 9-10c per calendar day!
 
#196
from the cost of borrowing it seems like the shorts are getting run out of town (no surprise there!)

19-May-13 -22.63%
18-May-13 -22.63%
17-May-13 -24.44%
16-May-13 -26.56%
15-May-13 -30.27%
14-May-13 -35.69%
13-May-13 -37.47%
12-May-13 -37.70%
11-May-13 -37.70%
10-May-13 -38.97%
09-May-13 -39.55%
08-May-13 -39.55%
07-May-13 -41.37%
06-May-13 -43.48%
05-May-13 -44.98%
04-May-13 -44.98%
03-May-13 -45.41%
02-May-13 -46.10%
01-May-13 -48.23%
30-Apr-13 -50.73%
29-Apr-13 -52.80%
28-Apr-13 -53.86%
27-Apr-13 -53.86%
26-Apr-13 -51.61%
25-Apr-13 -48.73%
24-Apr-13 -47.42%
23-Apr-13 -47.73%
22-Apr-13 -47.73%
21-Apr-13 -47.20%
20-Apr-13 -47.20%
19-Apr-13 -42.60%
18-Apr-13 -37.34%
17-Apr-13 -37.59%
16-Apr-13 -36.66%
15-Apr-13 -37.34%
14-Apr-13 -38.72%
13-Apr-13 -38.72%
12-Apr-13 -38.78%
11-Apr-13 -38.97%
10-Apr-13 -44.23%
9-Apr-13 -49.97%
8-Apr-13 -56.28%
7-Apr-13 -57.34%
6-Apr-13 -57.34%
5-Apr-13 -60.92%
4-Apr-13 -75.23%
3-Apr-13 -82.24%
2-Apr-13 -82.25%
1-Apr-13 -83.00%
31-Mar-13 -84.45%
30-Mar-13 -84.45%
29-Mar-13 -84.45%
28-Mar-13 -82.66%
27-Mar-13 -77.29%
26-Mar-13 -85.35%
25-Mar-13 -75.84%
24-Mar-13 -60.69%
23-Mar-13 -60.69%
22-Mar-13 -59.51%
21-Mar-13 -54.77%
20-Mar-13 -49.85%
19-Mar-13 -49.04%
18-Mar-13 -44.88%
17-Mar-13 -43.94%
 
#197
As expected, there are new shorters coming in every day. For instance, this article:

Tesla's market cap is 10.57 billion right now. If I had 10 billion sitting in my bank account I'm pretty sure I could find something of more value to spend it on. Ford's market cap is 59.3 billion and its P/E is 10.2. If you bought 10.57 billion worth of Ford you would own 17.8% of the company. You would get $767,000 per day in dividends.
Click to expand...

Mods: Feel free to move to one of the "nonsense" threads if you think that's best.
 
You must log in or register to reply here.
Top
Back
Blog
New
Forum list
Marketplace
Menu