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SpaceX's Stock Keeps Falling. Short Sellers Are Now Piling Up

SpaceX IPO CNBC

Short sellers are piling up their bets against SpaceX as the company's stock falls after its IPO last month. (Credit: Getty Images)

Short sellers are piling up their bets against SpaceX as the company's stock falls after its IPO last month.

CNBC detailed that about 30% of the company's publicly tradable shares are being sold short. It has climbed from between 5% to 7% three weeks ago, the outlet added, citing data from S3 Partners.

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