S3 Partners estimates SPCE short exposure at $118.3M versus active institutional longs of $44.9M and passive ownership of $58.2M, with short interest at 23.2% of float—the highest since April 14. Short sellers have lost $64M year-to-date as SPCE trading volume surged to 286.1M shares—12x average daily.
Short sellers hold $118.3M in SPCE shares, exceeding $103.1M in combined active and passive longs, with short interest at 23.2% of float—the highest since mid-April. Mark-to-market losses total $64M year-to-date, reflecting aggressive covering as SPCE rallies.
SPCE saw 286.1M shares trade, 12 times its 23.9M average daily volume, as passive institutional holdings rose to 9.4M shares. Remaining short interest stands at approximately 19.1M shares, with borrow utilization at 88.5% and fees at 9.12%.
Investor Rich Huang disclosed a 5.26% stake including 5.2M call option exposures, while insurers agreed to pay $2.75M under a derivative suit settlement. SPCE is preparing glide and rocket-powered test flights, targeting Q3 glide and Q4 powered tests for its Delta-class spacecraft.
