Tesla Motors June 15th Short Interest Update

Tesla Motors (NASDAQ:TSLA), According to the latest information the short interest in Tesla Motors, Inc. shot up by 0.9% or 248,610 shares. The final shorts are 26% of the total floated shares. The positions increased from 28,392,651 shares on May 31,2016 to 28,641,261 on June 15,2016. According to the per-day average trading of 3,897,515 shares, the days to cover are 7. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Tesla Motors (NASDAQ:TSLA): The stock opened at $190.05 on Friday but the bulls could not build on the opening and the stock topped out at $195.12 for the day. The stock traded down to $189.73 during the day, due to lack of any buying support eventually closed down at $193.15 with a loss of -1.65% for the day. The stock had closed at $196.40 on the previous day. The total traded volume was 7,026,516 shares.

The company shares have dropped -26.28% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $215.56 and the 200 Day Moving Average price is recorded at $214.92.

Tesla Motors (NASDAQ:TSLA) has tumbled 10.36% during the past week and has dropped 13.4% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 8.87%. Tesla Motors (NASDAQ:TSLA) has underperformed the index by 10.78% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Tesla Motors, Inc. is a United States-based company, which designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes, commercial sites and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car, Supercharger charging stations and Powerwall, a home battery.

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