Tesla Short Interest Soars To 21.16%, Making It 4th Most Shorted Stock Currently: Here's What Its Charts Indicate

Benzinga
2025.04.02 10:27
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Tesla's short interest surged by 21.16%, reaching 81.331 million shares, making it the fourth most shorted stock in the U.S. market. The increase reflects lower investor confidence, with 2.9% of publicly available shares shorted. Despite a rise in average daily trading volume, technical indicators suggest a bearish trend. Tesla's stock is down 29.22% year-to-date, with analysts giving a consensus "hold" rating and an average price target of $309.55, indicating potential upside.