Short interest in Carvana (NYSE:CVNA) surged 426.2% during the first half of May. This movement signals a sharp rise in bearish sentiment among investors.
The total number of shares sold short reached approximately 73 million as of May 15. This volume marks a significant increase from the 13.87 million shares reported on April 30.
Short positions now represent roughly 7.8% of the company's public float. The days-to-cover ratio currently stands at approximately 6.7 days. These metrics indicate that more traders are betting the online auto retailer's stock price will fall.