Chipotle Mexican Grill Inc (CMG) remains one of the most heavily shorted stocks in the U.S. Restaurant Sector, but short sellers have been trimming their positions recently with 538 thousand shares covered, -19.2%, since the middle of March.
Both Tesla Inc (TSLA) and NIO Inc (NIO) had reports of vehicles fires in Shanghai and Xiâ€™an China which is highlighting safety fears over electric vehicles and the use of high density lithium batteries. TSLA is down -3.6% over the past two days while NIO is up slightly, +0.84%.
Bank of America Merrill Lynch analyst George Staphos issued a research report stating that March containerboard and box shipments declined by 3% year-over-year and industry wide inventories were declining at a lesser rate than deliveries. Containerboard purchases fell and supply\production is running ahead of demand.
Qualcomm Inc (QCOM) is up over 23% after the digital wireless communications equipment manufacturer agreed to end all litigation with Apple Inc (AAPL) and agreed on a six year licensing deal and supply agreement.
Lyft, Inc (LYFT) shares are down to $58/share, down -4.90%, today and -19.44% in late-morning trading and we are seeing active short selling in the name as its share price continues to trade below its IPO price. We are seeing over 1 million shares of additional short selling this morning which is adding downward pressure to the long selling that has hampered this stock since its issuance.
Bed Bath & Beyond (BBBY US) short interest is currently 48.26 million shares, 36.7% of float, $936.7 million notional exposure.
Over the first 3 months of 2019, short interest was up 17.5 million shares, or 55% on a shares shorted basis; and up $475.5 million, or 133% on a notional exposure basis.
Yeti Holdings Inc (YETI) short interest is $291 million; 9.64 million shares shorted; 59.26% of float; 17.15% stock borrow fee and climbing.
After strong short selling in Jan\Feb, there has been some short covering in Mar\Apr due to stock price rally and high borrow costs.
Lyft Inc (LYFT) is up 2.5% in late-day trading as the stock is inching back towards its IPO price of $72/share. One of the reasons for this upsurge in stock price is the inception of option trading in the name. Options trading has been decidedly bullish with call volume outpacing put volume.
Tesla Inc (TSLA) is down 8.44% in mid-morning trading as car deliveries fell to 63,000 vehicles, down 27,966 vehicles,Â down 31%, from their fourth quarter number.
Tesla short interest is $9.04 billion; 30.99 million shares shorted; 24.49% of float; stock borrow cost is 0.30% fee.
With Lyft, Incâ€™s (LYFT) stock price closing below its IPO price for two days in a row, short sellers had gone into overdrive over the last three trading days and shorted over 38% of its 32.5 million share float. LYFT short interest is $856 million with 12.4 million shares shorted. At 38.19%, LYFTâ€™s Short Interest as a % of Float is the 27th largest domestic stock among companies with greater than $50 million worth of Short Interest.