Baidu Inc.’s (BIDU) Short Interest
| Largest HK/China Equity Short
Interest (in $ millions) |
Ticker | $ Short
Interest |
Monthly
Change |
YTD MTM
P/L |
YTD MTM
P/L % |
| Alibaba Group ADR | BABA US | $24,333 | +$487 | -$1,648.8 | -6.90% |
| Ping An Insurance Group | 2318 HK | $12,515 | +$284 | +$1,757.1 | +12.10% |
| Tencent Holdings Ltd | 700 HK | $3,811 | -$862 | +$474.6 | +9.38% |
| JD.com Inc ADR | JD US | $1,137 | -$501 | +$99.4 | +6.41% |
| Iqiyi Inc ADR | IQ US | $1,110 | +$328 | -$26.9 | -4.63% |
| Ctrip.com Intl ADR | CTRP US | $1,007 | -$128 | +$74.0 | +5.63% |
| Ishs China Large Cap ETF | FXI US | $1,001 | -$143 | +$58.4 | +6.43% |
| China Evergrande Group | 3333 HK | $947 | +$150 | +$148.5 | +17.4% |
| BYD Co Ltd | 1211 HK | $905 | +$76 | +$300.4 | +31.58% |
| Anhui Conch Cement Co | 914 HK | $846 | +$71 | -$122.2 | -24.33% |
| Baidu Inc ADR | BIDU US | $813 | -$181 | +$98.9 | +9.15% |
Tesla short sellers are still in the red even after a strong July. Tesla’s stock price is down -0.50% today, generating +$52 million in mark-to-market profits. This follows a very strong July when Tesla’s stock price fell -13% and short sellers made +$1.53 billion in mark-to-market profits. Short sellers’ year-to-date mark-to-market loss on their Tesla short exposure is now down to -$118.6 million, or -1.11%.
Today’s earnings call will either embolden short sellers and spur them on to increase their short exposure to the $11 – $12 billion levels we saw mid-year or trigger a Tesla rally which may squeeze out the less tenacious shorts and provide a buy-to-cover kicker to the rally. With shorts not increasing or decreasing their positions prior to the call there is does not seem to conviction in either direction which is confirmed by the large amount of out of the money call and put option buying, possibly putting on straddle or strangle trades. Option investors might not be sure which way Tesla’s stock price will go, but they are pretty sure it will be a volatile move.
Want deeper insight into the above analysis?
Contact: Ihor.Dusaniwsky@S3Partners.net
Managing Director Predictive Analytics, S3 Partners, LLC
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