Chevron surpassed Tesla as the most shorted U.S. stock in April, per Hazeltree's report.
In April, Chevron (CVX) overtook Tesla (TSLA) as the most shorted U.S. stock, according to Hazeltree's Shortside Crowdedness Report. Chevron's shorted stock increased by over $500 million, rising from 7% in March to 9% in April due to short-sellers betting on weaker energy prices. Despite these challenges, Chevron's shares gained 1.38% in April, adding around $5 billion to its total market value.
May 14, 2024
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