MicroStrategy's Stock Price Surges Despite Short Positions

• MicroStrategy faces $6.9B in short positions, but short-seller confidence is decreasing.
• Short-interest ratio for MTSR stock has dropped by 50% in 6 months.
• MTSR stock price tripled since December 2023, now at $1,656.
• Kerrisdale Capital pressures MicroStrategy shares due to Bitcoin ETFs launch.
• MSTR outperformed Bitcoin by 469% in the past year.
• Investment decisions should be based on personal research, not this article.

Summary :

Despite several institutions holding short positions on MicroStrategy, the software intelligence firm's stock price has almost tripled in the past six months, causing short-seller resolve to wane. MicroStrategy currently has 18 short positions listed on investment research firm Fintel's "The Big Shorts" list, with the largest position amounting to approximately $2.4 billion. However, this is significantly lower than Amazon's highest net short position of $3.59 billion. The short-interest ratio for MicroStrategy's stock has decreased by nearly 50% over the last six months, indicating a decrease in short-seller interest. MicroStrategy's stock price has rallied since December 2023, starting at $570 and reaching $1,656, a 30.57% increase over the past 30 days. This comes after investment firm Kerrisdale Capital put pressure on MicroStrategy shares due to the launch of spot Bitcoin exchange-traded funds (ETFs) earlier this year. Kerrisdale Capital argued that with the approval of several spot Bitcoin ETFs, there may be little reason for investors to trade MicroStrategy stocks for Bitcoin exposure. However, MSTR has significantly outperformed Bitcoin over the past year, with the stock up approximately 469% compared to Bitcoin's 168% increase. It is important to note that this article does not provide investment advice or recommendations, and readers should conduct their own research before making any decisions.

Sources :

- CoinTelegraph