Apple is now the market’s most-shorted stock. If Tesla is an example, that’s bullish.

Apple’s newly-attained first-place ranking in the most-shorted list is a lot of sound and fury, signifying nothing, says Mark Hulbert. Tesla’s market-beating performance even though it topped the list shows that Apple investors need not worry. Some contrarians may be disappointed to learn that Apple’s short-interest rank is so low because they believe high levels of shorting are actually bullish. Apple is actually one of the least-shorts stocks, according to FactSet.

Read Long Article

Scroll to Top