Netflix short bets spike 20% overnight after Musk's boycott posts

Short sellers leaned harder into Netflix (NASDAQ: NFLX) just as Elon Musk decided to cancel. The day after Musk posted on Sept 30 that he had cancelled Netflix, FINRA off-exchange short volume in NFLX jumped to 642,836 shares on Oct 1, the highest daily tally since Sept 18 in the available data retrieved by Finbold from Fintel. That marks a 20% day-over-day increase from the prior session.Netflix short volume. Source: FintelBut the picture isn’t quite as simple as “Musk tweets, shorts pile in.” On Oct 1, FI ...