TSLA Sees a Decrease in Volume

During the last session 13M of Tesla, Inc. (NasdaqGS:TSLA)’s shares were traded. The stock closed at $1056.78 per share indicating that it lost -$13.56 or -1.27% during that day which brings the Tesla, Inc.’s valuation to $1.02T.

The 52-week high for the Tesla, Inc.’s shares is $1,243.49. This is the highest price the TSLA shares have gotten with a great gain of 44.81% since the share price dropped to a 52-week low of $539.49.

The company currently has a 330.20 P/E ratio and a price target of $851.98.

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

During the last trading session, Tesla, Inc. (NasdaqGS:TSLA) has seen decay in its daily volume. The daily volume was of 13M, while in the last 10 days the average was 22.99M and last three months – 26.51M.

Growing short interest

The Tesla, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 25.82M shares being shorted which translates into 1.06 of a short ratio for TSLA, while in the previous month the shorted shares were 25.7M.

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

With a market cap of 1.02T, Tesla, Inc. holds a total cash of $16.09B that translates into $16.03 per share, while the total debt is of $10.16B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 56.80%. The current revenue is of $46.85B that is $48.27 per share.

This is a great sign for a bright future.