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.
Shares shorted had increased by 825 thousand over the previous week and we have seen an additional 1 million shares in short selling today â€¦ this is a 23% increase in short exposure as the stock price rose 28%.
There is still ample stock available to borrow at General Collateral levels and if ROKUâ€™s price weakness continues we should see continued short side pressure in the name along with long side selling to realize recent unrealized profits.
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/ .