Tesla short sellers add even more pressure to car maker, Reuters says

Short sellers targeting Tesla are adding even more pressure on Elon Musk’s electric car maker, as such traders have boosted their short positions on the stock to about 79M, Reuters’ Saqib Iqbal Ahmed reports, citing data from analytics firm S3 Partners. That figure marks a nearly 4% increase, or $325M worth of new short sales, over the last 30 days, the author notes. Tesla short interest is currently at $8.76B, or almost 3% of the share float, down from $14B a month ago, the author notes. Reference Link