SpaceX short interest rises to 29% of public float as stock falls below IPO price

According to CNBC, short sellers have increased bearish bets against SpaceX to about 185 million shares, or roughly 29% of the company's publicly tradable float, worth about $25 billion. S3 Partners said the short position was up from an estimated 40 million shares, or around 5% to 7% of the float, three weeks ago. SpaceX shares have fallen about 20% in July, briefly dropped below their $135 IPO price on Wednesday for the first time, and last traded around $131 on Thursday.