Total Auto\Truck Manufacturer sector short interest is $27.6 billion, with the E.V. manufacturers making up $19.5 billion, or 71% of the total short interest. The top three shorts in the sector are Electric Vehicle (E.V.) companies led, as expected, by Tesla Inc (TSLA).

Short Interest in the Auto/Truck Manufacturer Sector (as of 10.13.22)

Name

Ticker

SI % Float

S3 SI % Float

Fee

Short Interest

TESLA INC

TSLA

2.35%

2.30%

0.30%

$13,303,548,074

RIVIAN AUTOMOTIVE INC

RIVN

10.23%

9.28%

0.57%

$1,692,295,519

LUCID GROUP INC

LCID

22.72%

18.52%

6.82%

$1,628,431,110

FORD MOTOR CO

3.53%

3.41%

0.30%

$1,606,495,512

CATERPILLAR INC

CAT

1.21%

1.19%

0.30%

$1,144,902,934

GENERAL MOTORS CO

1.72%

1.69%

0.30%

$804,504,323

NIO INC ADR

NIO

3.79%

3.65%

0.30%

$748,091,075

CUMMINS INC

CMI

2.22%

2.17%

0.30%

$677,032,591

LI AUTO INC ADR

4.03%

3.87%

0.30%

$668,820,175

THOR INDUSTRIES INC

THO

14.85%

12.93%

0.30%

$596,483,008

FERRARI NV

RACE

1.49%

1.46%

0.30%

$355,234,993

FISKER INC

FSR

32.01%

24.25%

18.07%

$351,349,832

PACCAR INC

PCAR

1.15%

1.14%

0.30%

$350,125,174

WINNEBAGO INDS

WGO

19.25%

16.14%

0.30%

$330,111,413

XPENG INC ADR

XPEV

5.22%

4.96%

0.30%

$309,217,380

STELLANTIS NV

STLA

1.15%

1.14%

0.57%

$264,218,209

NIKOLA CORP

NKLA

32.09%

24.30%

8.82%

$263,352,975

WABTEC CORP

WAB

1.39%

1.37%

0.30%

$209,125,404

TOYOTA MOTOR CORP

TOYOF

0.13%

0.00%

$158,623,720

ALLISON TRANSMISSION

ALSN

3.79%

3.65%

0.30%

$129,225,311

OSHKOSH CORP

OSK

2.58%

2.51%

0.30%

$126,180,798

TATA MOTORS ADR

TTM

0.70%

0.69%

5.57%

$108,647,582

WORKHORSE GROUP INC

WKHS

24.75%

19.84%

1.69%

$93,341,496

ALSTOM SA

AOMFF

1.30%

1.28%

0.00%

$79,254,389

TRINITY INDUSTRIES

TRN

4.19%

4.02%

0.30%

$77,444,846

Total Auto\Truck Manuf. Short Interest

5.45%

4.79%

1.29%

$27,600,898,554

Total E.V. Short Interest

6.19%

5.39%

1.63%

$19,518,285,686

Over the past thirty days we saw increased short selling in the sector as stock prices declined. Short interest in the sector declined by $6.4 billion to $27.6 billion, which was made up of a $7.9 billion decline in the stock prices of the shares shorted partially offset by $1.5 billion of new short selling. Rivian Automotive Inc (RIVN) had the largest increase in shares shorted over the last thirty days on the heals of their recall of over 12,000 vehicles due to steering issues.

The Auto\Truck Manufacturer Stocks with the Largest Increase in Shares Shorted

Name

Ticker

SI % Float

S3 SI % Float

Short Interest

30D Change Shares Shorted

RIVIAN AUTOMOTIVE INC

RIVN

10.23%

9.28%

$1,692,295,519

$283,140,806

FORD MOTOR CO

3.53%

3.41%

$1,606,495,512

$213,542,058

CATERPILLAR INC

CAT

1.21%

1.19%

$1,144,902,934

$188,563,676

STELLANTIS NV

STLA

1.15%

1.14%

$264,218,209

$103,361,393

TESLA INC

TSLA

2.35%

2.30%

$13,303,548,074

$90,088,291

FERRARI NV

RACE

1.49%

1.46%

$355,234,993

$79,945,524

LUCID GROUP INC

LCID

22.72%

18.52%

$1,628,431,110

$67,806,059

XPENG INC ADR

XPEV

5.22%

4.96%

$309,217,380

$67,174,066

TOYOTA MOTOR CORP

TOYOF

0.13%

$158,623,720

$66,756,787

CUMMINS INC

CMI

2.22%

2.17%

$677,032,591

$59,038,905

FISKER INC

FSR

32.01%

24.25%

$351,349,832

$41,168,479

NIKOLA CORP

NKLA

32.09%

24.30%

$263,352,975

$33,660,685

ALSTOM SA

AOMFF

1.30%

1.28%

$79,254,389

$32,810,026

LI AUTO INC ADR

4.03%

3.87%

$668,820,175

$30,956,394

VOLVO AB B

VOLVF

0.22%

$48,645,558

$25,198,410

GENERAL MOTORS CO

1.72%

1.69%

$804,504,323

$19,926,963

VOLKSWAGEN AG PREF

VLKPF

0.13%

$27,542,945

$19,549,865

KOMATSU LTD

KMTUF

0.27%

$42,901,054

$18,887,263

TRINITY INDUSTRIES

TRN

4.19%

4.02%

$77,444,846

$14,789,720

VOLKSWAGEN AG

VLKAF

0.77%

$34,560,187

$13,207,491

The Auto\Truck Manufacturer Stocks with the Largest Increase in Short Covering

Name

Ticker

SI % Float

S3 SI % Float

Short Interest

30D Change Shares Shorted

NIO INC ADR

NIO

3.79%

3.65%

$748,091,075

$(41,403,991)

THOR INDUSTRIES INC

THO

14.85%

12.93%

$596,483,008

$(25,615,360)

HONDA MOTOR CO ADR

HMC

0.06%

$22,158,139

$(18,315,835)

PACCAR INC

PCAR

1.15%

1.14%

$350,125,174

$(15,676,694)

CANOO INC

GOEV

11.98%

10.70%

$25,317,608

$(13,955,241)

Total Auto\Truck Manuf. Shares Shorted

5.45%

4.79%

$27,600,898,554

$1,486,954,663

Shorting the Auto\Truck Manufacturing sector has outperformed the market with short sellers up $20.56 billion in year-to-date mark-to-market profits, up 53.80% on an average short interest of $38.22 billion. Shorting E.V. stocks drastically outperformed the Internal Combustion Engine (I.C.E.) stocks with E.V. shorts up $17.62 billion, +59.68%, versus only $2.94 billion in profits for I.C.E. stocks, up 33.83% for the year.

Most Profitable Auto\Truck Manufacturer Shorts in 2022

Name

Ticker

Avg Fee

Avg Short Interest

YTD MTM P\L $

P\L %

TESLA INC

TSLA

0.34%

$20,407,409,144

$8,661,190,073

42.44%

RIVIAN AUTOMOTIVE INC

RIVN

2.06%

$1,854,970,777

$2,473,075,842

133.32%

LUCID GROUP INC

LCID

11.53%

$2,463,259,264

$2,371,131,917

96.26%

NIO INC ADR

NIO

0.30%

$1,342,811,992

$1,097,930,649

81.76%

FORD MOTOR CO

0.30%

$1,588,548,645

$1,003,369,545

63.16%

GENERAL MOTORS CO

0.30%

$1,154,283,936

$742,437,484

64.32%

XPENG INC ADR

XPEV

0.30%

$485,104,308

$728,317,883

150.14%

NIKOLA CORP

NKLA

9.93%

$512,337,776

$450,891,968

88.01%

LI AUTO INC ADR

0.30%

$785,454,376

$385,907,041

49.13%

FISKER INC

FSR

12.39%

$530,333,719

$362,411,291

68.34%

ARRIVAL GROUP

ARVL

2.84%

$83,822,529

$180,491,531

215.33%

CANOO INC

GOEV

22.12%

$139,741,409

$175,238,853

125.40%

CATERPILLAR INC

CAT

0.30%

$1,085,092,688

$174,941,112

16.12%

THOR INDUSTRIES INC

THO

0.30%

$619,944,164

$146,507,795

23.63%

FERRARI NV

RACE

0.30%

$313,844,585

$99,411,303

31.68%

STELLANTIS NV

STLA

0.50%

$224,328,392

$98,354,219

43.84%

MULLEN AUTOMOTIVE INC

MULN

18.57%

$38,458,293

$84,733,601

220.33%

OSHKOSH CORP

OSK

0.30%

$174,695,001

$76,470,934

43.77%

WINNEBAGO INDS

WGO

0.30%

$291,462,323

$72,682,122

24.94%

HYZON MOTORS INC

HYZN

7.81%

$58,668,216

$67,935,695

115.80%

WORKHORSE GROUP INC

WKHS

1.45%

$135,297,136

$66,284,754

48.99%

MICROVAST HOLDINGS INC

MVST

19.18%

$70,233,417

$63,608,855

90.57%

HYLIION HOLDINGS CORP

HYLN

0.83%

$59,039,474

$61,606,362

104.35%

FARADAY FUTURE INTELLIGENT ELECTRIC

FFIE

46.60%

$73,093,335

$60,988,504

83.44%

LORDSTOWN MOTORS CORP

RIDE

1.89%

$93,022,834

$59,785,339

64.27%

There were only three stocks in the Auto\Truck Manufacturing sector with year-to-date mark-to-market losses in 2022:

Name

Ticker

Avg Fee

Avg Short Interest

YTD MTM P\L $

P\L %

MERITOR INC ACQUIRED

N.A.

0.30%

$171,974,319

$(32,553,488)

-18.93%

CUMMINS INC

CMI

0.30%

$510,120,048

$(8,402,006)

-1.65%

FEDERAL SIGNAL CORP

FSS

0.30%

$34,490,033

$(3,954,251)

-11.46%

Auto\Truck Manufacturer YTD MTM P\L

$38,217,631,307

$20,562,520,663

53.80%

E.V. YTD MTM P\L

$29,527,114,779

$17,622,412,400

59.68%

I.C.E. YTD MTM P\L

$8,690,516,528

$2,940,108,263

33.83%

Since September 12, the day RIVN announced its recall, Auto\Truck Manufacturer short sellers are up 27.59% on an average short interest of $32.38 billion. Once again E.V. shorts outperformed I.C.E shorts during this time period.

The most profitable Auto\Truck Manufacturer stocks from Sept. 12th to Oct. 11th are:

Name

Ticker

Avg Fee

Avg Short Interest

Sept 12 MTM P\L

P\L %

TESLA INC

TSLA

0.30%

$17,001,293,642

$5,473,838,897

32.20%

NIO INC ADR

NIO

0.30%

$1,054,524,266

$536,920,923

50.92%

FORD MOTOR CO

0.30%

$1,742,042,630

$534,537,231

30.68%

LUCID GROUP INC

LCID

8.02%

$1,867,385,192

484,260,554

25.93%

RIVIAN AUTOMOTIVE INC

RIVN

0.55%

$1,697,186,693

$297,266,569

17.52%

GENERAL MOTORS CO

0.30%

$913,444,828

$251,838,724

27.57%

LI AUTO INC ADR

0.30%

$781,581,119

$212,757,347

27.22%

XPENG INC ADR

XPEV

0.30%

$384,928,389

$207,368,749

53.87%

NIKOLA CORP

NKLA

8.11%

$337,668,664

$196,099,985

58.07%

FISKER INC

FSR

17.92%

$394,099,858

$99,345,817

25.21%

CATERPILLAR INC

CAT

0.30%

$1,043,974,765

$62,626,602

6.00%

THOR INDUSTRIES INC

THO

0.30%

$560,270,424

$46,847,582

8.36%

STELLANTIS NV

STLA

0.70%

$235,833,268

$35,540,428

15.07%

CANOO INC

GOEV

10.50%

$57,275,487

$35,062,864

61.22%

FERRARI NV

RACE

0.35%

$335,940,166

$31,477,865

9.37%

DAIMLER AG

DDAIF

0.94%

$179,610,502

$29,595,710

16.48%

WORKHORSE GROUP INC

WKHS

1.69%

$108,243,480

$29,175,067

26.95%

WINNEBAGO INDS

WGO

0.30%

$316,244,257

$28,111,637

8.89%

TATA MOTORS ADR

TTM

5.41%

$113,355,836

$22,782,424

20.10%

LORDSTOWN MOTORS CORP

RIDE

3.19%

$73,362,920

$19,298,076

26.30%

WABTEC CORP

WAB

0.30%

$205,508,808

$19,109,013

9.30%

FARADAY FUTURE INTELLIGENT ELECTRIC

FFIE

5.38%

$28,485,423

$17,951,492

63.02%

MULLEN AUTOMOTIVE INC

MULN

10.83%

$20,635,761

$16,323,635

79.10%

PROTERRA INC

PTRA

0.83%

$60,348,276

$15,083,504

24.99%

OSHKOSH CORP

OSK

0.30%

$127,791,145

$13,242,884

10.36%

There were only three stocks in the Auto\Truck Manufacturing sector with mark-to-market losses over $1 million from Sept 12th to Oct 11th:

Name

Ticker

Avg Fee

Avg Short Interest

Sept 12 MTM P\L

P\L %

WABASH NATL CORP

WNC

0.30%

$54,405,508

$(1,240,850)

-2.28%

FEDERAL SIGNAL CORP

FSS

0.30%

$35,405,631

$(1,298,526)

-3.67%

CUMMINS INC

CMI

0.30%

$624,775,628

$(4,132,765)

-0.66%

Total Auto\Truck Manuf. Sept 12 - Oct 11 MTM P\L

$32,380,282,799

$8,934,732,126

27.59%

E.V. Sept 12 - Oct 11 MTM P\L

$24,179,605,382

$7,736,688,491

32.00%

I.C.E. Sept 12 - Oct 11 MTM P\L

$8,200,677,417

$1,198,043,635

14.61%

There are only a handful of Crowded shorts in the Auto\Truck Manufacturer sector, all of which are E.V. companies.

Most Crowded Auto\Truck Manufacturer Shorts

Name

Ticker

Short Interest

S3 Crowded Score

LUCID GROUP INC

LCID

$ 1,628,431,110

90.00

FISKER INC

FSR

$ 351,349,832

90.00

HYZON MOTORS INC

HYZN

$ 35,288,204

85.00

LIGHTNING EMOTORS INC

ZEV

$ 11,778,888

85.00

NIKOLA CORP

NKLA

$ 263,352,975

82.50

WORKHORSE GROUP INC

WKHS

$ 93,341,496

80.00

LORDSTOWN MOTORS CORP

RIDE

$ 64,976,478

80.00

After $8.19 billion of new short selling in the first half of the year we started seeing short covering in June ($3.0 billion of short covering) and July ($4.43 billion of short covering). In September\October we saw the return of short selling in the sector with $1.76 billion of new short selling. With Auto\Truck Manufacturing shorts up 7.7% over the last week we should see increased short selling in the sector as short sellers continue to “top up” their positions in winning trades.

Automobile & Truck Manufacturer Short Interest

Short Interest in the Auto/Truck Manufacturer Sector (as of 10.13.22)

The Auto\Truck Manufacturer Stocks with the Largest Increase in Shares Shorted

The Auto\Truck Manufacturer Stocks with the Largest Increase in Short Covering

Most Profitable Auto\Truck Manufacturer Shorts in 2022

Most Crowded Auto\Truck Manufacturer Shorts

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