Twitter Inc. (TWTR US) short interest is $1.45 billion, with 44.29 million shares short, for 6.46% of the available float. The stock loan fee 0.30%, it is a General Collateral stock (easiest to borrow stocks & bonds with the cheapest rates.) TWTR is the third most shorted stock in the Interactive Media & Services Sector behind Facebook & (FB US) Google (GOOGL US.)
TWTR shares are down -7.9% today after it purged a fake Russian President Putin account with over 1 million followers that was active for over 6 years.
TWTR shorts are up $100 million in mark-to-market profits today, continuing a strong November where they are up $191 million in mark-to-market profits, making back almost half the losses they’ve incurred this year, with year-to-date mark-to-market losses now down to $237 million.
TWTR shares shorted are down 6.4 million shares in November, -12.62%, even as its stock price has declined almost 13% during the month. It looks like shorts were looking to lock in their recent profits. With today’s price move, we are seeing new short sales throughout the morning, with around 300,000 shares of new short exposure put on so far.
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Managing Director Predictive Analytics, S3 Partners, LLC
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