Ford Motor Company (F US) short interest is at $976 million, with $102.84 million shares shorted, for 2.66% of the available float.
Ford shares shorted has been declining since mid-October with -31.6 million shares covered, or -23% of the total short position as of October 15th. There were -10.4 million shares covered, -9.2%, over the last week alone.
Ford shorts have had a profitable 2018, up $256 million in mark-to-market profits for a 19.51% return for the year. Ford’s price strength since late October has eaten intro their profits and they have lost $179 since October 24th as Ford’s stock price surged 17% in less than a month.
We continue to see short covering, over 200k today, as Ford’s stock price rises.
Want deeper insight into the above analysis?
Managing Director Predictive Analytics, S3 Partners, LLC
For more information on S3’s reporting, data and analytics solutions, email us at email@example.com. Start your free trial of the BLACK App – 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/ .