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Tesla short sellers have been active this week

Short selling in Tesla Inc. stock has been on the rise in recent sessions as the stock looks poised to end a four-day losing streak.

Tesla TSLA, +2.73% shares gained 1.7% in midday trading Thursday, and are down about 10% since last Thursday, when the company announced a $35,000 Model 3.

Tesla shares shorted have risen by 4.4%, or 1.12 million shares, S3 Partners, a financial technology and analytics firm, said Thursday.

“Short sellers have been relatively quiet for the month of February and early March, with short activity picking up only this week,” said Ihor Dusaniwsky, a managing director at S3 Partners, in a note Thursday.

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