Chevron Surpasses Tesla as the Most Shorted U.S. Large-Cap Stock ...Middle East

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Chevron Surpasses Tesla as the Most Shorted U.S. Large-Cap Stock
source : OILPRICE ( Middle East ) () 93
U.S. oil and gas supermajor Chevron ousted Tesla to top the list of the most shorted large-cap stock in the Americas in April, the Shortside Crowdedness Report from Hazeltree showed on Tuesday.   Bets that Chevron’s shares would fall jumped in April as oil prices declined in the second half of the month with a tentative easing of the geopolitical tensions in the Middle East. In addition, Chevron’s proposal to buy Hess is getting increased scrutiny from regulators and politicians, while the supermajor is locked in an arbitration…

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