Alibaba: Shorts Are Backing Out

Jan. 24, 2023 10:00 AM ETAlibaba Group Holding Limited (BABA), BABAF11 Comments
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  • Short interest in Alibaba declined by 6.7% in the last cycle, dropping to its multi-month lows.
  • The bears are understandably worried about Alibaba's improved prospects.
  • Investors with a multi-year time horizon may want to accumulate Alibaba's shares on potential price corrections.

China-Based Internet Company Alibaba Debuts On New York Stock Exchange

Andrew Burton

Alibaba's (NYSE:BABA) shares have risen nearly 40% year to date but the rally might still continue. Latest data reveals that short interest in the Chinese ecommerce giant has declined (6.7%) in the last cycle and is now hovering near its 4-month

Data by YCharts

Alibaba's historic P/S valuation

Short interest data for internet retail stocks

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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