SpaceX short interest estimated to be about 5-7% of float, S3 Partners says

SpaceX

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NEW YORK, June 23 (Reuters) - Some 5%-7% of SpaceX's SPCX.O shares have been sold short, or about 40 million shares, according to estimates from financial analytics firm S3 Partners.

Short sellers aim to sell borrowed shares to buy them back at a profit.


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