Ford Motor Company (F US) short interest is at $976 million, with $102.84 million shares shorted, for 2.66% of the available float.
Ford shares shorted has been declining since mid-October with -31.6 million shares covered, or -23% of the total short position as of October 15th. There were -10.4 million shares covered, -9.2%, over the last week alone.
Ford shorts have had a profitable 2018, up $256 million in mark-to-market profits for a 19.51% return for the year. Fordâ€™s price strength since late October has eaten intro their profits and they have lost $179 since October 24th as Fordâ€™s stock price surged 17% in less than a month.
We continue to see short covering, over 200k today, as Fordâ€™s stock price rises.
Want deeper insight into the above analysis?
Contact:Â [email protected]
Managing Director Predictive Analytics, S3 Partners, LLC
For more information on S3â€™s reporting, data and analytics solutions, email us at [email protected]. Start your free trial of the BLACK App â€“ the only source of real-time short interest on the Bloomberg Terminal or Thomson Reuters Eikon.
For short side data and access to our research reports go to https://shortsight.com/ .