Multiple institutions are bearish on Microstrategy's stock price, with short positions reaching $6.9 billion

According to TechFlow, Cointelegraph reported that several institutions are bearish on Microstrategy's stock price, with short positions reaching US$6.9 billion. However, as Microstrategy's stock price has almost tripled in six months, short sellers' confidence seems to be waning, and the short ratio of MicroStrategy's stock has dropped from 3.1 days to 1.5 days in the past six months, a decrease of nearly 50%.

As of June 6, MicroStrategy had 18 short positions on investment research firm Fintel's "Big Short" list, a list of the largest short positions disclosed by institutions to the U.S. Securities and Exchange Commission. The largest position was approximately $2.4 billion, which was also the 27th largest position among institutional net short positions. This is more than $1 billion less than Amazon's highest net short position of $3.59 billion.