General Electric (GE US) short interest is $1.08 billion, the 2nd largest short in the Industrial Conglomerate Sector behind $MMM with $1.4 billion of short interest. GE has 125.9 million shares shorted, for 1.46% of the float, and shares shorted have been flat in November despite GE’s stock price declining by 21.5%.
GE is down 8% today, shorts are up $84 million in mark-to-market profits bringing YTD profits to $1.09 billion, a 66% return for the year.
GE’s recent price drop has been due to Long shareholder selling and not Shorts building up their positions.
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Contact: Ihor.Dusaniwsky@S3Partners.net
Managing Director Predictive Analytics, S3 Partners, LLC
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