SpaceX (SPCX.US) launched a strong counterattack after being targeted! The stock price has rebounded nearly 40% from its low point, and short positions have dramatically decreased to 11%.

According to the Zhitong Finance APP, as SpaceX's (SPCX.US) stock price has significantly rebounded from a slump since its IPO, shorts are rapidly exiting. According to data from S3 Partners, as of Wednesday, SpaceX's short positions have dropped to about 11% of its publicly traded shares, a substantial decrease from last weeks peak of 34%. This decline reflects a combination of shorts covering their positions and a significant increase in tradable shares following the expiration of the first large-scale lock-up period. Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, stated, Those who wanted to short have run out of bullets. The amount of money you can throw at a trade is ultimately limited.