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CNBC
SpaceX short sellers are running out of bullets as stock rebounds more than 40% off low
SpaceX's stock has experienced a notable rebound, rising over 40% from its recent lows, compelling short sellers to retreat from their positions. As of Wednesday, short interest in the stock has fallen from 34% to around 11% following an important IPO lockup expiration. This decline suggests that bearish investors are closing out their trades, contributing to the upward momentum in SpaceX shares. The recent trading action indicates a change in market sentiment as investors appear more willing to buy into the stock following its recovery from the post-earnings slump.
MonitorConfidence: HighShort term horizon
Published 12 Aug 2026, 18:55 UTC1 min read
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Summary
TL;DR
- SpaceX stock rose 11% on Wednesday, reaching approximately $148.
- Short interest in SpaceX decreased from 34% to 11% within a week.
- The stock is now around 41% higher than its low on August 3.
- Investors closing short positions contribute to upward price movement.
- The change comes after the first major lockup expiration.
Interesting facts
- The rapid decline in short interest highlights shifting investor confidence.
- Short covering can amplify upward stock momentum, demonstrating market dynamics.