TechFlow news — According to Cointelegraph, multiple institutions have taken bearish positions on MicroStrategy's stock, with short positions totaling $6.9 billion. However, as MicroStrategy's share price nearly tripled over the past six months, short sellers appear to be losing confidence. The short interest ratio for MicroStrategy stock has dropped from 3.1 days to 1.5 days over the past six months—a decline of nearly 50%.
As of June 6, MicroStrategy held 18 short positions on Fintel's "Big Short" list, a compilation by investment research firm Fintel that tracks the largest institutional short positions disclosed to the U.S. Securities and Exchange Commission. The largest single short position was approximately $2.4 billion, ranking as the 27th-largest net short position among institutions—over $1 billion less than Amazon’s peak net short position of $3.59 billion.
