According to Fintel data, National Bank of Canada has filled a 13F-HR form disclosing ownership of 567,413 shares of Tesla at $1,002 per share. The $600M investment was filled yesterday, January 24th, 2022. However, also Put options were filled by the National Bank. The info was posted by Marcel Münch on his Twitter account.
Check Fintel report HERE.
Among the recent short sellers of Tesla stock, there’s Investment Management Firm Baillie Gifford selling almost 13% on January 20th and Goldman Sachs selling around 45% of its stake on the same day.
In its half-year report released today, he Gifford: “Investing in innovation and entrepreneurship is hard. Bravery is necessary from both entrepreneurs and investors. Uncertainty and volatility must be embraced. Opening your mind to possibility is essential.”
Scottish asset manager Baillie Gifford is one of Britain’s most prominent tech investors and among his top-ten holdings there’s Netflix, Amazon and Tesla.
Short positions in Tesla, as a percentage of the company’s total shares available to trade, have fallen to 3.30% from 19.60% at the start of 2020, according to S3 Partners and reported by Financial Times.
Data provider Breakout Point estimates that since the second quarter of 2021, in all 33 weeks, Tesla was among the 30 most popular retail stocks, and has landed a spot in the top 10 most popular for 16 of those 33 weeks. Still, Tesla’s huge rally means that it remains one of the US stock market’s biggest shorts.
According to Financial Times, despite the reduction in short positions, the fact that the group’s share price has risen more than 1,200% since the start of last year means short interest — equal to the number of shares shorted multiplied by the price of a share — has risen from just shy of $11bn to $28bn over the same period.
As showned by a Twitter user, Tesla’s CyberTruck arrived yesterday to Giga Texas ahead of the Earnings Call tomorrow, after the closing bell. CEO Elon Musk is expected to talk about Tesla’s future product roadmap.