Tesla has been listed by information and tech agency Hazeltree because the most-shorted large-cap inventory in the USA in Could 2024. As per the information agency, Tesla has a grade of 99 on its Hazeltree Crowdedness Rating. The agency outlined its findings in its Could 2024 Hazeltree Shortside Crowdedness Report.
Hazeltree’s Crowdedness Rating represents securities which might be being shorted by the best proportion of funds within the agency’s group in a pre-defined class. The securities are graded on a scale of 1-99, with 99 representing the safety that the best proportion of funds are shorting. As of Could 2024, TSLA shares are on the prime of Hazeltree’s checklist.
Hazeltree describes the supply of its information as follows: “The info sourced on this report comes from Hazeltree’s proprietary securities finance platform information, which tracks roughly 15,000 world equities throughout the Americas, EMEA, and APAC. The info is aggregated and anonymized from the contributing Hazeltree group, which incorporates roughly 700 asset supervisor funds.”
Following Tesla within the checklist of the US’ most shorted large-cap securities are Microchip Expertise Inc., which has a crowdedness rating of 97; Chevron Corp., which has a crowdedness rating of 97; Superior Micro Gadgets Inc. (AMD), which has a crowdedness rating of 82; and Constitution Communications Inc., which has a crowdedness rating of 82.
Tesla shares are presently going through headwinds amidst the approaching 2024 Annual Stockholders’ Assembly on June 13, 2024. Tesla buyers are poised to vote on a number of proposals on the upcoming occasion, essentially the most notable of that are the ratification of Elon Musk’s 2018 CEO Efficiency Award and the proposed redomestication of Tesla from Delaware to Texas. Tesla presently trades at $169.32 per share as of writing, giving the EV maker a market cap of $539 billion.
The Could 2024 Hazeltree Shortside Crowdedness Report may be seen under.
Hazeltree Could Shortside Report_Final by Simon Alvarez on Scribd
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