Short Sellers are Betting $1.8 Billion on Ford Motors’ Decline

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August 10, 2016 12:08pm NYSE:F

ford-escort-1-1535385-640x480Auto maker Ford Motor Company (NYSE:F) is seeing a big bump in short interest lately, as traders betting on further declines have ramped up their positions.


The amount of short interest in F rose more than 2% by the end of July, with nearly 148 million shares now short. The total dollar value of those short positions based on Ford’s current share price is over $1.8 billion.

About 3.8% of the total float is now short, down from a high of over 4% in March, but up over the previous two months.

Late last month, Ford posted disappointing earnings results and didn’t issue any sales guidance. This event caused a more than 8% single-day decline in the stock’s price.

Traders are now betting on continued declines for the embattled automaker, which has seen its worldwide market share dwindle in recent years amid increased competition and a lack of new hit vehicles.

Ford shares fell $0.05 (-0.37%) to $12.26 in afternoon trading Wednesday. The stock has fallen 12.88% year-to-date, compared with a 7% gain in the benchmark S&P 500 during the same period.

F-2016-08-10


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