Weâ€™re seeing increased short selling in the other Electric Vehicle manufacturer, NIO Inc (NIO) today.
NIO short interest is $420 mm; 84.40 mm shares shorted; 10.97% of float; 1.65% borrow fee.
Shares shorted are up 40.9 mm shares,+94%, in 2019 and up 24.8 mm shs,+41.7% in March and we are seeing continued short selling today, over one million additional shares shorted in morning trading.
NIO Shorts are up $104 million in mark-to-market profits, +27%, in 2019 with the bulk of the profits coming in March, shorts are up $285 million, +61% this month.
NIO short selling is climbing along with Teslaâ€™s (TSLA). TSLA shares shorted are up 6.1 mm shares,+24%, in 2019 and up 4.7 mm shs,+17% in March.
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