SPCX
Short interest in US stocks has reached record levels, with S&P 500 index stocks near 3.
Article Summary
HOLD- Short interest in US stocks has reached record levels, with S&P 500 index stocks near 3.79% of free float marking all-time high and Russell 3000 stocks near 6.3% for Russell 3000 reaching record levels.
- The bull market in U.S. equities has pressured short sellers to hedge bearish positions with net-long bets, with investors holding roughly twice as much in long positions compared to short positions, according to S3 Partners data.
- Space Exploration Technologies Corp. ranked as the ninth-most shorted stock in the US market before Friday's decline with $25 billion in bets against it representing nearly 29% of its float, with SpaceX shorts gaining nearly 28% or $4.8 billion in mark-to-market profits so far this year.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.0% | 25% | 20.0 ptsMinimal (0.0%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 99.5% | 20% | 100.0 ptsMassive Upside (99.5%) - Target: $240.65 vs Current: $120.61 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -46.6% | 15% | 100.0 ptsDeep Discount (-46.6%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About SPCX
- Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally.
- The company's Connectivity segment operates a high-speed, low-latency broadband network powered by various Starlink satellites in low-earth orbit, delivering connectivity to various consumer, enterprise, and government customers through its Starlink offering.
- Its Space segment designs, manufactures, and launches reusable rockets to provide access to space.
- It offers launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon.
- The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure.
- The company was founded in 2002 and is based in Starbase, Texas.