SpaceX (SPAC) Short Interest Falls to 11% Amid 40% Stock Rebound

Short interest in SpaceX (SPAC) dropped to approximately 11% of publicly traded shares from a peak of 34% last week, as short sellers exit their positions. The stock rose 11% on Wednesday, reaching around $148, which is about 41% above its low of $105 on August 3 and 10% over its IPO price of $135. This rebound follows an increase in the stock's tradable float after the expiration of an initial lockup period that released over 911 million shares. The changes in short interest reflect both short covering and a larger supply of available shares. This matters for investors as the shift in short interest can amplify stock price movements and impacts trading dynamics.