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Apple Inc (NASDAQ:AAPL) recently overtook Tesla (NASDAQ:TSLA) as the stock with the most short interest in the U.S., according to data from S3 Partners.
As of today, Apple has short interest totaling $18.44 billion, versus $17.44 billion for Tesla.
While the total dollar value for Apple is higher, the short interest as a percentage of the float is just 0.70% for Apple, while it stands at 1.8% for Tesla.
“Tesla Inc has held the top spot in the short interest league tables for 864 days, almost two and a half years since April 2020 but Apple Inc has recently recaptured the crown,” Ihor Dusaniwsky, Managing Director of Predictive Analytics at S3 Partners commented in a research report.
