SpaceX (SPCX) Shares Fall 28% From June Peak Amid Short Seller Caution

AI Summary

SpaceX (SPCX) shares have declined approximately 28% from their peak on June 16, following a post-IPO rally that erased hundreds of billions in market value. Despite this significant drop, short-selling interest remains modest, with about 40 million shares sold short, representing roughly 5% to 7% of the 625 million publicly tradable shares. Traders are hesitant to engage in short positions against SpaceX, which is seen as a major growth company with strong retail investor support. Low borrowing costs, with fees below 1%, indicate ample liquidity in the securities lending market.