Published on 15 Sep 2022 on MarketWatch
Tesla spent 864 days as Wall Street’s biggest short bet. Now it’s Apple.
Apple Inc. is now Wall Street’s biggest short bet, displacing Tesla Inc., which had held the title nonstop since the early days of the COVID-19 pandemic.
Short interest in Apple was $18.4 billion as of Wednesday, while short interest in Tesla was $17.4 billion, according to research from S3 Partners. Tesla spent 864 days as the top stock by short interest — since April 2020 — before Apple stepped in to reclaim the position, the financial data and analytics company reported. Both names are well ahead of third-place Microsoft Corp. which had $11.0 billion in short interest Wednesday.