General Electric Co (GE) short interest is $924.38 million; 137.76 million shares; 1.60% of float; General Collateral stock borrow cost (30 bp fee) & 1.14 Days to Cover.
GE shares shorted is up 2.7 million, +1.99%, in December and up 1.3 million, +0.95%, over the last week.
Today, we are seeing short covering with a couple of million shares getting covered. With GE’s stock price recovering from its recent losses, up 9.09% in mid-morning trading, some shorts, especially the recent momentum related traders, are trying to realize their profits before they evaporate.
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Managing Director Predictive Analytics, S3 Partners, LLC
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