Autohome Inc
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Communication Services : Interactive Media & Services |
Based in China
Company profile

Autohome Inc. is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People's Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners. These services are offered to automakers and dealers, and advertising agencies that represent automakers and dealers in the automobile industry. The Company's autohome.com.cn targets automobile consumers with a focus on new automobiles. The Company's professionally produced content is created by editorial team and includes automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips. Its database also includes new and used automobile listings and promotional information. Its dealer subscription services allow dealers to market their inventory and services through its Websites.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$102.88
Day's Change
5.13 (5.25%)
Bid
--
Ask
--
B/A Size
--
Day's High
103.02
Day's Low
97.51
Volume
(Average)
Volume:
552,087

10-day average volume:
610,375
552,087

Apple cost short sellers $7 billion this year, but there's a stock that was much more brutal for the bears

10:40 am ET December 31, 2020 (MarketWatch)
Print

Shawn Langlois

'The big thing about Tesla as opposed to any other stock is that the vast majority of retail shareholders will never be sellers'

There are the giddy "Teslanaires (https://www.marketwatch.com/story/holy-smokes-im-a-tsla-naire-heres-how-quickly-tesla-has-turned-modest-investments-into-seven-figure-windfalls-11608825106)" who understandably will talk your ear off about how amazingly well they've done this year, and then there's the other, much darker, side of the trade: those betting against Elon Musk.

According to S3 Partners, short sellers lost more on Tesla(TSLA) than they did on any other company. And it's not remotely close. We're talking billions and billions more.

This "is not only the largest mark-to-market loss for any stock this year," S3 managing director Ihor Dusaniwsky told Bloomberg News (https://www.bloomberg.com/news/articles/2020-12-31/tesla-shorts-sellers-lost-38-billion-in-2020-as-stock-surged), but "the largest yearly mark-to-market loss I have ever seen."

In total, Tesla bears racked up more than $38 billion in mark-to-market losses as the stock rallied more than 700% this year. The next biggest loser for the shorts? Apple (AAPL) at almost $7 billion, S3 reported.

And Musk is clearly relishing every minute, with taunts like this:

Amid the carnage, there are a lot fewer Tesla shorts these days, with short interest dropping to 6% of the float from nearly 20% a year ago. Jim Chanos, for instance, revealed to Bloomberg earlier this month that wagering against the stock has been "painful" and that he cut the size of his short position.

"The short squeeze has been going on all year. It's been an angled straight line down," Dusaniwsky told Bloomberg. "The big thing about Tesla as opposed to any other stock is that the vast majority of retail shareholders will never be sellers. They love the stock, they love the car, they love Elon Musk and they are adamant long shareholders."

Tesla shares are on track to end the year with an uptick, edging 1% upward early in Thursday's shortened trading session, while the Dow Jones Industrial Average and S&P 500 also inched higher and the Nasdaq Composite was off slightly.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 31, 2020 10:40 ET (15:40 GMT)

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