Canopy Growth Corp (CGC US) short interest is $1.29 billion; 26.39 million shares shorted; 11.38% of float; stock borrow is 13.65% bp fee. WEED CN short interest is $355 million; 7.28 million shares shorted; 3.14% of float; stock borrow is 12.40% bp feeÂ Canopy Growth is the Â is the most shorted stock in the Cannabis sector.
Tesla short interest is $7.28 billion; 24.47 million shares short; 19.48% of its float; stock borrow cost is 30 bp fee (general collateral.)
Tesla is reporting earnings tonight and although shorts have covered 847k of their exposure over the last week, short side trading over the last several days have been relatively quiet with just 240k of short covering since Monday. It looks like short sellers are standing pat at the moment and not increasing or decreasing their exposure before tonightâ€™s news.
NVIDIA Corp (NVDA) is down 13.8% today after cutting its fourth quarter revenue guidance due to weakness in both its Gaming and Datacenter divisions due to a decline in crypto and gaming chip sales; slowdown in the global economy, especially China; and macroeconomic factors â€śbeyond their control.â€ť With market-leader NVIDIA dropping significantly the rest of the Semiconductor Sector followed suit, with 4 out of 5 semiconductor companies in the red today.
- CorporateEquitiesInformation TechnologyNvidiaS3 Research
Nvidia (NVDA) short interest:
19.21 million shares / 3.29% of float / $3.08 billion notional at risk on short side (pre-open)
Shares of NVDA fell today after significantly cutting itâ€™s fourth-quarter guidance, adding to concerns that product demand was not as high as anticipated over the holiday season.
Immunomedics Inc (IMMU) stock price is down 29% in mid-morning trading as its lead drug, Sacituzumab Govitecan, failed to get FDA approval. Short interest is $533 million, 29.49 million shares shorted, 18.29% of its float, stock borrow cost is 30 bps.
- Consumer DiscretionaryCorporateNetflixS3 Research
Netflix Inc (NFLX) short sellers cut their short exposure in 2018 by 37%, covering 8.1 million shares of shorts as they lost $2.04 billion, -34.90%, in mark-to-market P\L. In the first month of 2019 we are seeing a reversal of the trend, with short sellers adding 1.35 million shares of new shorts, +9.7%, in less than three weeks. While NFLX short interest has climbed 45%, to $5.36 billion, short sellerâ€™s losses continued to mount this year, down another $1.2 billion in mark-to-market losses in less than a month.
Lululemon AthleticaÂ Inc (LULU) shares short selling is increasing along with its stock price. Shares shorted has increased by 969k, +17%, in 2019 even as LULUâ€™s stock price is up 17% on the year. The trend continues as we are seeing continued short selling over the last week even as LULU breaks through the $140/level for the first time since November 2018. Shares shorted increased by 395k, +6.7%, as LULUâ€™s stock price rose by 4.6%.
ROKU short interest is $368 million; 8.73 million shares shorted; 12.95% of the float with a stock borrow rate of General Collateral (30 bps fee).
ROKUâ€™s stock price is down 7% today after Citron Research called the stock â€śuninvestableâ€ť as â€śApple teams up with Samsungâ€ť to stream content via iTunes.