Short Squeeze Alert: Chevron (CVX) Stock Moves Into Top-Shorted Spot

Tesla (NASDAQ:TSLA) is officially out of the hot seat… or sort of. News today shows that Chevron (NYSE:CVX), the oil and gas giant, has officially overtaken TSLA as the most-shorted large-cap stock in the U.S. market. Hazeltree, which aggregates data from 700 asset managers, reported that CVX stock now has more short bets than TSLA as of April. That’s a title most companies don’t want to hold, as it indicates a large number of investors are growing increasingly bearish. But with how oil prices are trending, ...