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With the stock entering today on a ten-day winning streak following what has already been a remarkable year for shares, you have no doubt heard of the NVIDIA (NVDA) story in 2016.  The stock is up over 200% this year, making it far and away the best-performing stock in the S&P 500 and one of only two stocks in the index that have doubled in 2016.  What you probably haven’t heard, though, is just how many traders have been betting against the stock along the way.  You see, short interest as a percentage of float for NVDA currently stands at 14%, which is an extremely high reading for a large cap stock.  Of the stocks in the S&P 500 with market caps of $50 billion or more, NVDA’s short interest is the highest of any, and the short interest levels of the next closest stock (DOW – 7.9%) isn’t much more than half NVDA’s.  So while there have surely been a lot of investors that have ridden NVDA higher, there are more than a few losers as well.

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