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.
Most Shorted Stocks
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.
- 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.
- CannabisCanopy GrowthEquitiesS3 ResearchSectorsTilray
The mergers and acquisition activity in the Cannabis Sector continued today with Green Growth Brands Ltd. offering $2.1 billion in a hostile takeover of Aphria Inc (APHA). This follows Altria Incâ€™s announced $1.8 billion investment in Cronos Group (CRON); Constellation Brands purchase of 5.5% of Canopy Growth Corp (CGC); Molson Coors Brewing Coâ€™s joint venture with HEXO Corp (HEXO); and Anheiser-Busch Inbevâ€™s research partnership with Tilray Inc (TJRY).
- Consumer DiscretionaryEquitiesSectorsTeslaUncategorized
NIO Inc (NIO US) short interest is 41.3 million shares short, 5.37% of shares outstanding and $317.98 million at risk wagering on a stock price decline.
Referred to as the â€śTesla of Chinaâ€ť, the Shanghai-based company manufactures and sells autos, offering electric vehicles, parts, and battery charging services.
- AlphabetAmazonAppleCommunication ServicesConsumer DiscretionaryFacebookNetflixSectors
The FAANG stocks are five of the top ten most shorted stocks in the domestic U.S. stock market and because of the sheer size of combined short exposure they represent both risk â€śAlphaâ€ť trades and hedging â€śBetaâ€ť trades.