Twilio Inc (TWLO) short interest is $1.14 billion; 9.89 million shares shorted; 10.45% of its float; stock borrow is 30bp fee, General Collateral levels. TWLO is the second largest short in the Internet Services & Infrastructure Sector behind Shopify Inc (SHOP) at $1.28 billion.
Shares shorted are down 572k, -5.5%, in February after a short selling spree in 2018 when shares shorted went from 3.9 million shares shorted at the end of August to 10.2 million shares shorted by year end, an increase of 6.4 million shares or +164%.
TWLO‚Äôs stock price increased by 29.1% as of yesterday and shorts were down $270 million in mark-to-market losses for the year. Today‚Äôs -6% drop in TWLO‚Äôs stock price recovered $71 million of short seller‚Äôs year-to-date losses and we are seeing some added short selling today. If today‚Äôs price weakness continues we may see shorts getting back into the trade and shares shorted near the 11.3 million shares shorted high we saw in mid-January.
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¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†Managing Director Predictive Analytics, S3 Partners, LLC
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