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I figured it was another short squeeze. Probably coupled with automated trading. Observed short interest over total outstanding seems like the kind of thing an
by ethbro 7y ago
I figured it was another short squeeze. Probably coupled with automated trading.
Observed short interest over total outstanding seems like the kind of thing an algorithm could target, as it makes the stock more sensitive to moves, no?
- cdiamand 7y agoI'm sure algos key off metrics like the amount shorted as a percentage of float. I can't know their algo but I'd imagine they like to see the specs jumping in before they start buying. Tesla is a battle of narratives and WSB are the specs looking to start or jump on a stock meme. ~10% of the chatter around TSLA in last 24 hours has the word "short" in it :)