re: Apple App Store net rev declined -5% Y/Y in the month of Sept, its worst decline ever

quote:

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Probably why it’s the most heavily shorted stock right now

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Well, let’s add some context. That is true, but only in dollar terms. The $18.4 billion short interest figure in AAPL does eclipse the $17.4 billion short interest in TSLA (the previous “record holder”). But Apple’s market cap is approximately $2.3 trillion. TSLA’s is approximately $781 billion. And the short interest in AAPL represents only .7% or so of the float. Not even close to being “the most heavily shorted stock” in percentage terms. I mean, we’re not talking about a GameStop type of squeeze on the horizon.

What is interesting is that short interest in AAPL has increased by about 2.5% over the past month or so, as the stock has pulled back with the market… after holding up relatively well during the swoons this summer. Traders find these things interesting. Long term investors just go meh.