Source: Business Insider
In the last 30 days, Virgin Galactic stock shorted has increased by 3.4 million shares, a 25% jump, according to data from financial-analytics firm S3 Partners. The spike in short-selling comes amid a record run for the space tourism company — the stock has gained 223% for the year through Wednesday’s close. Virgin Galactic short-sellers are down $440 million in mark-to-market losses this year, according to S3 data. Still, there’s no sign that a “short squeeze” is coming, according to Ihor Dusaniwsky of S3 Partners. Watch Virgin Galactic trade live on Markets Insider. Read more on Business Insider. There’s a new popular stock to short on Wall Street, and it’s out of this world. In the last 30 days, traders have shorted an additional 3.4 million Virgin Galactic shares, an increase of more than 25%, according to data from financial-analytics firm S3 Partners. It’s the largest amount of shares shorted for the stock, Ihor Dusaniwsky, the managing director of predictive analytics, told Markets Insider in an email Thursday. “Short interest, much like Virgin Galactic’s VSS Unity spaceship, has never seen such heights before,” he said.