Tesla is no longer the most shorted stock among U.S. listed companies, falling to third place on the short list, according to data released by S3Partners on Wednesday.As of January 12, approximately $18.52 billion in Tesla stock was held as short bets. That puts the electric car maker in third place, behind Apple and Microsoft, which have short positions of about $18.63 billion and $18.61 billion, respectively.
Other "Big Seven" stocks such as Nvidia, Amazon and Meta followed closely, ranking fourth, fifth and sixth respectively, with short positions of US$14.26 billion, US$11.79 billion and US$11.47 billion respectively.
The only "Big Seven" stock that is not in the top ten on the short list is Alphabet, with a short position of $6.28 billion, ranking 11th.
However, despite the decline in ranking, Tesla's net short ratio is still the highest among the "Big Seven", accounting for 3.06% of its total outstanding shares.
S3Partners pointed out that Tesla shorts lost $12.5 billion in 2023, with the average short position at $18.9 billion, a drop of 64.64%. He added that Tesla short positions have decreased by $61.9 billion since 2010.