Tesla (TSLA) Stock’s Short Interest Is Down


During the last session 16M of Tesla, Inc.’s (NasdaqGS:TSLA) shares were traded. The stock closed at $785.49 per share indicating that it lost -$8.12 or -1.02% during that day which brings the Tesla, Inc.’s valuation to $756.69B.

The 52-week high for the Tesla, Inc.’s shares is $900.40. That puts it -12.76% from that peak but still a massive gain since the share price dropped to a 52-week low of $379.11, while the S&P 500’s share price change was of 29.3%.

The company currently has a 787.06 P/E ratio and a price target of $688.11.

What does the trading volume tell us about the TSLA stock?

During the last trading session, Tesla, Inc. (NasdaqGS:TSLA) has seen growth in its daily volume. The daily volume was of 19M, while in the last 10 days the average was 19.42M and last three months – 18.85M.

Shrinking short interest

The Tesla, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 40.05M shares being shorted which translates into 1.28 of a short ratio for TSLA, while in the previous month the shorted shares were 41.38M.

Tesla, Inc. (NasdaqGS:TSLA)’s financials

With a market cap of 756.69B, Tesla, Inc. holds a total cash of $17.14B that translates into $17.79 per share, while the total debt is of $12.51B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 73.60%. The current revenue is of $35.94B that is $38.05 per share.

This is a great sign for a bright future.