Apple Has Surpassed Tesla To Become The Most Shorted Stock In The United States

According to research from S3 Partners, Apple Inc. overtook Tesla as the stock with the highest level of short interest in the United States. Currently, Apple has $18.44 billion in short interest, compared to $17.44 billion for Tesla.

Although Apple has a bigger total dollar value, its short interest as a percentage of the float is far lower at 0.70 compared to 1.8% for Tesla.

Ihor Dusaniwsky, Managing Director of Predictive Analytics at S3 Partners, stated in a research paper that "Tesla Inc has held the top spot in the short interest league tables for 864 days, almost two and a half years since April 2020 but Apple Inc has recently recaptured the crown,"

According to the financial analytics company, short interest in Apple has increased to $18.4 billion, surpassing Tesla's short interest of $17.4 billion. After Elon Musk's electric vehicle business maintained the top spot for 864 days, the iPhone maker is now the most severely shorted US company by dollar amount, it was stated.

As of Wednesday, 113 million Apple shares, or 0.7% of the company's publicly traded shares, have been sold short. In the meantime, 57 million Tesla shares, or around 2.2% of the company's float, were sold short.

Warren Buffett, whose Berkshire Hathaway conglomerate owns a $140 billion or 5.6% stake in the technology giant, is effectively being gambled against by Apple short sellers.

They might, however, be in line with Michael Burry, who in the first quarter of this year had negative put options on Apple stock. In the second quarter, the investor from "The Big Short" exited that trade and liquidated almost all of his holdings.