Industry
SpaceX shares slide 30 percent; short interest jumps from 8 percent to 13 percent in a day
Short sellers targeting SpaceX are increasing rapidly as the stock falls nearly 30 percent in a short period. Short interest jumped to 13 percent from 8 percent in a day, data showed, with early trading touching 14 percent. Other data suggested about 40 million shares are shorted. Improved share-lending conditions and low borrowing costs are cited as drivers. Options markets also reflect downside expectations, though short sellers face risks if buying resumes.
