U.S. Short Interest Recap
Author:
Ihor Dusaniwsky
Managing Director of Predictive Analytics, S3 Partners
Matthew Unterman
Director of Predictive Analytics, S3 Partners
U.S. markets have been up over the last thirty days despite a weak start to 2024 with the S&P 500 and Nasdaq indexes up +1.6% and the Russell 3000 up +1.5%. Short sellers were actively trimming their positions over the last thirty days with overall short interest decreasing by $33 billion, to $978 billion.
The largest shorts in the U.S. market are:
U.S. Short Interest
Ticker
SI % Float
Short Interest
1
APPLE INC
AAPL
0.65%
$18,629,131,320
2
MICROSOFT CORP
MSFT
0.65%
$18,611,096,154
3
TESLA INC
TSLA
3.06%
$18,514,462,238
4
NVIDIA CORP
NVDA
1.10%
$14,261,878,453
5
AMAZON.COM INC
AMZN
0.84%
$11,789,820,455
6
META PLATFORMS INC
META
1.38%
$11,474,048,191
7
EXXON MOBIL CORP
XOM
2.14%
$8,539,102,211
8
VISA INC
V
1.84%
$7,654,374,740
9
ADVANCED MICRO DEVICES
AMD
3.02%
$7,082,281,084
10
BROADCOM INC
AVGO
1.32%
$6,694,314,779
11
ALPHABET INC A
GOOGL
0.75%
$6,283,819,176
12
CHEVRON CORP
CVX
2.06%
$5,708,880,039
13
ALPHABET INC C
GOOG
0.69%
$5,310,050,932
14
RTX CORP
RTX
4.08%
$5,063,466,286
15
UBER TECHNOLOGIES
UBER
3.86%
$4,835,114,629
16
NETFLIX INC
NFLX
2.27%
$4,814,557,233
17
PALO ALTO NETWORKS INC
PANW
4.56%
$4,607,964,036
18
PINDUODUO INC ADR
PDD
2.24%
$4,310,149,758
19
IBM CORP
IBM
2.71%
$4,098,280,544
20
ADOBE SYSTEMS INC
ADBE
1.48%
$3,989,994,042
21
COSTCO WHOLESALE
COST
1.32%
$3,974,305,079
22
GENERAL MOTORS CO
GM
8.17%
$3,937,311,602
23
UNITEDHEALTH GRP
UNH
0.77%
$3,726,716,791
24
TMOBILE US INC
TMUS
5.65%
$3,652,756,056
25
HOME DEPOT INC
HD
0.97%
$3,419,228,366
Total U.S. Short Interest
4.77%
$978,461,972,083
There has been a shakeup at the top of the short interest league tables with Tesla Inc. (TSLA) dropping to third place behind Apple Inc. (AAPL) and Microsoft Corp. (MSFT). APPL had regained the top spot in early December after dropping to second place behind perennial leader TSLA. MSFT short Interest has been climbing steadily since September.
Change in short interest has two components, the change in the number of shorted shares and the change in the stock’s price. The $33 billion change in total short interest was made up of a $41 billion of short covering coupled with a $8 billion increase in the stock price of the shares shorted. Short sellers were decreasing their short exposure to the market as stock prices were rising, and they were incurring mark-to-market losses.
The largest increases in short interest over the last thirty days are:
U.S. Largest 30D Increase Short Interest
Ticker
SI % Float
Short Interest
30D Ch Short Int
1
TC ENERGY CORP
TRP
8.33%
$3,404,232,045
$2,163,608,480
2
NVIDIA CORP
NVDA
1.10%
$14,261,878,453
$2,123,966,561
3
META PLATFORMS INC
META
1.38%
$11,474,048,191
$2,068,149,967
4
BROADCOM INC
AVGO
1.32%
$6,694,314,779
$1,374,050,135
5
EXXON MOBIL CORP
XOM
2.14%
$8,539,102,211
$1,323,395,324
6
CHEVRON CORP
CVX
2.06%
$5,708,880,039
$986,003,872
7
GENERAL MOTORS CO
GM
8.17%
$3,937,311,602
$960,395,755
8
BERKSHIRE HATHAWAY A
BRK/A
1.02%
$1,256,790,716
$903,079,596
9
ADOBE SYSTEMS INC
ADBE
1.48%
$3,989,994,042
$881,728,965
10
MODERNA INC
MRNA
6.94%
$2,436,871,190
$717,775,888
11
CYTOKINETICS INC
CYTK
14.86%
$1,190,569,052
$663,144,877
12
UBER TECHNOLOGIES
UBER
3.86%
$4,835,114,629
$646,986,192
13
ADVANCED MICRO DEVICES
AMD
3.02%
$7,082,281,084
$604,920,257
14
UNITEDHEALTH GRP
UNH
0.77%
$3,726,716,791
$515,322,929
15
BANK OF NOVA SCOTIA
BNS
2.60%
$1,482,418,672
$489,752,047
16
COSTCO WHOLESALE
COST
1.32%
$3,974,305,079
$481,118,622
17
CELCIUS HOLDINGS
CELH
26.14%
$2,282,531,902
$469,701,357
18
MERCK & CO
MRK
0.67%
$2,025,186,600
$468,946,657
19
CIBC
CM
2.49%
$1,066,874,527
$442,629,335
20
HOME DEPOT INC
HD
0.97%
$3,419,228,366
$392,081,715
21
STRYKER CORP
SYK
1.41%
$1,563,093,712
$366,286,583
22
PHILIP MORRIS INTL
PM
0.54%
$801,433,873
$353,889,996
23
JUNIPER NETWORKS INC
JNPR
5.27%
$625,012,952
$331,426,898
24
SUPER MICRO COMPUTER INC
SMCI
9.73%
$1,556,162,210
$331,253,922
25
NRG ENERGY INC
NRG
9.27%
$1,021,867,098
$316,887,445
The largest decreases in short interest over the last thirty days are:
U.S. Largest 30D Decrease Short Interest
Ticker
SI % Float
Short Interest
30D Ch Short Int
1
APPLE INC
AAPL
0.65%
$18,629,131,320
($4,727,065,651)
2
CANADIAN NATURAL RESOURCES LTD
CNQ
3.22%
$2,221,269,004
($2,156,609,606)
3
TESLA INC
TSLA
3.06%
$18,514,462,238
($1,923,860,692)
4
AMAZON.COM INC
AMZN
0.84%
$11,789,820,455
($1,395,124,075)
5
SUNCOR ENERGY
SU
0.82%
$347,576,322
($1,069,215,370)
6
RTX CORP
RTX
4.08%
$5,063,466,286
($888,220,406)
7
COINBASE GLOBAL INC
COIN
10.92%
$2,392,154,783
($827,338,675)
8
MICROSOFT CORP
MSFT
0.65%
$18,611,096,154
($796,287,099)
9
AIRBNB INC
ABNB
4.36%
$2,478,071,390
($741,997,050)
10
PALO ALTO NETWORKS INC
PANW
4.56%
$4,607,964,036
($643,220,782)
11
VISA INC
V
1.84%
$7,654,374,740
($599,001,999)
12
TMOBILE US INC
TMUS
5.65%
$3,652,756,056
($590,229,593)
13
LULULEMON ATHLETICA INC
LULU
3.31%
$1,750,537,984
($545,612,743)
14
ALIBABA GROUP ADR
BABA
1.37%
$2,490,876,458
($521,274,934)
15
COMCAST CORP
CMCSA
0.99%
$1,692,881,758
($520,240,616)
16
PINDUODUO INC ADR
PDD
2.24%
$4,310,149,758
($494,605,820)
17
DIGITAL REALTY TRUST INC
DLR
3.77%
$1,561,089,262
($482,104,783)
18
CANADIAN NATL RAILWAY
CNI
0.85%
$675,998,954
($444,664,594)
19
NIKE INC B
NKE
1.08%
$1,338,606,373
($439,531,449)
20
CITIGROUP INC
C
1.00%
$1,008,197,306
($428,824,737)
21
LUCID GROUP INC
LCID
25.74%
$676,154,556
($409,524,370)
22
JOHNSON & JOHNSON
JNJ
0.50%
$1,966,081,193
($385,473,265)
23
AFFIRM HLDGS INC
AFRM
16.20%
$1,522,387,609
($381,156,630)
24
VERIZON COMM
VZ
0.86%
$1,400,107,970
($375,380,433)
25
PARAMOUNT GLOBAL B
PARA
11.60%
$891,757,419
($374,839,303)
30D Change in Short Interest
4.77%
$978,461,972,083
($33,327,629,838)
While increases and decreases in short interest tell us where investors are increasing or decreasing their short exposure, changes in shares shorted shows us investor activity that actually hits the trading tape and moves stock prices.
We saw $40 billion of short covering over the last thirty days. The largest increases in shares shorted over the last thirty days are:
U.S. Largest 30D Increase Shares Shorted
Ticker
SI % Float
Short Interest
30D Ch Shs Shorted
1
TC ENERGY CORP
TRP
8.33%
$3,404,232,045
$2,141,859,988
2
BROADCOM INC
AVGO
1.32%
$6,694,314,779
$1,286,215,530
3
EXXON MOBIL CORP
XOM
2.14%
$8,539,102,211
$1,248,262,007
4
ADOBE SYSTEMS INC
ADBE
1.48%
$3,989,994,042
$1,019,749,696
5
META PLATFORMS INC
META
1.38%
$11,474,048,191
$951,210,068
6
BERKSHIRE HATHAWAY A
BRK/A
1.02%
$1,256,790,716
$905,283,080
7
CHEVRON CORP
CVX
2.06%
$5,708,880,039
$899,129,843
8
GENERAL MOTORS CO
GM
8.17%
$3,937,311,602
$849,166,478
9
UNITEDHEALTH GRP
UNH
0.77%
$3,726,716,791
$676,182,096
10
UBER TECHNOLOGIES
UBER
3.86%
$4,835,114,629
$563,858,885
11
BANK OF NOVA SCOTIA
BNS
2.60%
$1,482,418,672
$469,894,397
12
NVIDIA CORP
NVDA
1.10%
$14,261,878,453
$452,504,659
13
CIBC
CM
2.49%
$1,066,874,527
$421,161,699
14
PHILIP MORRIS INTL
PM
0.54%
$801,433,873
$349,765,332
15
ROPER TECHNOLOGIES INC
ROP
1.81%
$1,030,520,229
$312,497,464
16
STRYKER CORP
SYK
1.41%
$1,563,093,712
$308,677,039
17
MERCK & CO
MRK
0.67%
$2,025,186,600
$301,568,398
18
FIDELITY NATL INFO SERVICES
FIS
2.34%
$853,647,143
$294,435,461
19
MASTERCARD INC
MA
0.64%
$2,288,687,036
$292,601,531
20
NRG ENERGY INC
NRG
9.27%
$1,021,867,098
$288,398,987
21
HOME DEPOT INC
HD
0.97%
$3,419,228,366
$283,566,214
22
QUALCOMM INC
QCOM
1.50%
$2,354,990,445
$281,048,467
23
CONOCOPHILLIPS
COP
1.11%
$1,477,372,596
$276,873,817
24
TAKETWO INTERACTIVE SOFTWARE INC
TTWO
4.75%
$1,198,163,108
$273,782,509
25
MICRON TECHNOLOGY
MU
1.97%
$1,780,483,291
$268,050,287
The largest increases in shares bought-to-cover over the last thirty days are:
U.S. Largest 30D Decrease Shares Shorted
Ticker
SI % Float
Short Interest
30D Ch Shs Shorted
1
APPLE INC
AAPL
0.65%
$18,629,131,320
($3,306,533,283)
2
CANADIAN NATURAL RESOURCES LTD
CNQ
3.22%
$2,221,269,004
($2,275,937,319)
3
AMAZON.COM INC
AMZN
0.84%
$11,789,820,455
($1,907,143,707)
4
MICROSOFT CORP
MSFT
0.65%
$18,611,096,154
($1,527,233,056)
5
SUNCOR ENERGY
SU
0.82%
$347,576,322
($1,176,625,588)
6
RTX CORP
RTX
4.08%
$5,063,466,286
($1,110,639,861)
7
PALO ALTO NETWORKS INC
PANW
4.56%
$4,607,964,036
($833,619,457)
8
TMOBILE US INC
TMUS
5.65%
$3,652,756,056
($669,744,022)
9
VISA INC
V
1.84%
$7,654,374,740
($655,308,027)
10
AIRBNB INC
ABNB
4.36%
$2,478,071,390
($577,773,782)
11
PINDUODUO INC ADR
PDD
2.24%
$4,310,149,758
($567,459,843)
12
ALIBABA GROUP ADR
BABA
1.37%
$2,490,876,458
($537,292,567)
13
CITIGROUP INC
C
1.00%
$1,008,197,306
($524,354,375)
14
CANADIAN NATL RAILWAY
CNI
0.85%
$675,998,954
($503,051,970)
15
DIGITAL REALTY TRUST INC
DLR
3.77%
$1,561,089,262
($488,234,231)
16
COMCAST CORP
CMCSA
0.99%
$1,692,881,758
($485,779,356)
17
JOHNSON & JOHNSON
JNJ
0.50%
$1,966,081,193
($485,096,345)
18
ALPHABET INC A
GOOGL
0.75%
$6,283,819,176
($479,573,452)
19
INTEL CORP
INTC
1.57%
$3,107,340,980
($454,390,147)
20
VERIZON COMM
VZ
0.86%
$1,400,107,970
($450,739,092)
21
LULULEMON ATHLETICA INC
LULU
3.31%
$1,750,537,984
($433,831,876)
22
COINBASE GLOBAL INC
COIN
10.92%
$2,392,154,783
($406,232,655)
23
IBM CORP
IBM
2.71%
$4,098,280,544
($396,866,606)
24
PEMBINA PIPELINE CORP
PBA
1.14%
$215,961,065
($348,818,865)
25
FAIR ISAAC CORP
FICO
1.55%
$460,454,271
($329,909,998)
30D Change in Shares Shorted
4.77%
$978,461,972,083
($40,969,725,227)
Looking at the second component to changes in short interest, mark-to-market increase or decrease of the stock price of shares shorted, we can see which shorts were profitable and unprofitable.
Shorts with the largest increase in the mark-to-market value of shares shorted and therefore the most unprofitable shorts over the last thirty days are:
U.S. Largest 30D Increase MTM
Ticker
SI % Float
Short Interest
30D Ch MTM
1
NVIDIA CORP
NVDA
1.10%
$14,261,878,453
$1,671,461,901
2
META PLATFORMS INC
META
1.38%
$11,474,048,191
$1,116,939,899
3
MICROSOFT CORP
MSFT
0.65%
$18,611,096,154
$730,945,956
4
CYTOKINETICS INC
CYTK
14.86%
$1,190,569,052
$680,374,445
5
MODERNA INC
MRNA
6.94%
$2,436,871,190
$598,183,925
6
AMAZON.COM INC
AMZN
0.84%
$11,789,820,455
$512,019,631
7
ALPHABET INC A
GOOGL
0.75%
$6,283,819,176
$477,918,046
8
ALPHABET INC C
GOOG
0.69%
$5,310,050,932
$401,172,808
9
ADVANCED MICRO DEVICES
AMD
3.02%
$7,082,281,084
$392,325,920
10
SUPER MICRO COMPUTER INC
SMCI
9.73%
$1,556,162,210
$296,860,704
11
CELCIUS HOLDINGS
CELH
26.14%
$2,282,531,902
$295,558,837
12
ELI LILLY CO
LLY
0.61%
$3,321,864,258
$244,620,426
13
CATERPILLAR INC
CAT
1.95%
$2,884,876,815
$225,179,884
14
COSTCO WHOLESALE
COST
1.32%
$3,974,305,079
$224,391,466
15
RTX CORP
RTX
4.08%
$5,063,466,286
$222,419,456
16
AMGEN INC
AMGN
1.58%
$2,590,991,252
$215,685,557
17
CROWDSTRIKE HOLDINGS INC
CRWD
3.01%
$1,894,197,056
$211,250,520
18
SHOPIFY INC
SHOP
2.29%
$2,166,730,249
$202,044,329
19
KARUNA THERAPEUTICS INC
KRTX
4.56%
$467,326,001
$200,817,208
20
GLAUKOS CORP
GKOS
15.20%
$627,605,768
$197,209,740
21
INTEL CORP
INTC
1.57%
$3,107,340,980
$192,750,773
22
PALO ALTO NETWORKS INC
PANW
4.56%
$4,607,964,036
$190,398,675
23
MERCK & CO
MRK
0.67%
$2,025,186,600
$167,378,260
24
JPMORGAN CHASE CO
JPM
0.61%
$2,972,676,877
$155,020,804
25
MARVELL TECHNOLOGY INC
MRVL
2.11%
$1,186,851,814
$150,788,974
Shorts with the largest decrease in the mark-to-market value of shares shorted and therefore the most profitable shorts over the last thirty days are:
U.S. Largest 30D Decrease MTM
Ticker
SI % Float
Short Interest
30D Ch MTM
1
TESLA INC
TSLA
3.06%
$18,514,462,238
($1,742,412,024)
2
APPLE INC
AAPL
0.65%
$18,629,131,320
($1,420,532,368)
3
COINBASE GLOBAL INC
COIN
10.92%
$2,392,154,783
($421,106,020)
4
LUCID GROUP INC
LCID
25.74%
$676,154,556
($359,071,981)
5
BOEING COMPANY
BA
1.64%
$2,153,029,173
($331,721,804)
6
UPSTART HOLDINGS INC
UPST
43.68%
$1,009,975,949
($331,435,225)
7
MICROSTRATEGY INC
MSTR
19.14%
$1,369,614,205
($283,547,272)
8
AGILON HEALTH INC
AGL
14.45%
$319,098,083
($239,851,735)
9
NIKE INC B
NKE
1.08%
$1,338,606,373
($236,409,968)
10
MEDICAL PROPERTIES TRUST INC
MPW
24.58%
$496,338,445
($224,359,292)
11
XPENG INC ADR
XPEV
7.01%
$626,177,726
($212,622,793)
12
PARAMOUNT GLOBAL B
PARA
11.60%
$891,757,419
($193,250,612)
13
MOBILEYE GLOBAL INC
MBLY
21.12%
$565,023,342
($191,687,272)
14
ON SEMICONDUCTOR
ON
5.36%
$1,687,701,500
($187,116,915)
15
ROKU INC
ROKU
9.36%
$1,001,789,611
($174,798,062)
16
ETSY INC
ETSY
10.97%
$915,803,791
($172,985,722)
17
ALBEMARLE CORP
ALB
11.93%
$1,758,894,331
($172,897,279)
18
RIVIAN AUTOMOTIVE INC
RIVN
15.96%
$1,931,860,023
($165,673,345)
19
AIRBNB INC
ABNB
4.36%
$2,478,071,390
($164,223,268)
20
UNITEDHEALTH GRP
UNH
0.77%
$3,726,716,791
($160,859,167)
21
SYNOPSYS INC
SNPS
1.61%
$1,200,062,929
($151,497,331)
22
AVIS BUDGET GROUP INC
CAR
7.61%
$429,991,865
($149,295,019)
23
SOFI TECHNOLOGIES INC
SOFI
13.41%
$938,244,982
($138,554,723)
24
ADOBE SYSTEMS INC
ADBE
1.48%
$3,989,994,042
($138,020,730)
25
PLUG POWER INC
PLUG
29.67%
$550,565,236
($136,742,160)
30D Change in MTM
4.77%
$978,461,972,083
$7,642,095,491
Some investors prefer to look at SI % Float as a measure of short side demand in a stock relative to its market cap. While it is difficult to compare SI % Float across different market caps it does give insight to a stocks relative short crowdedness in relation to its market structure. Looking at SI % Float and S3 SI % Float (which included the synthetic long created by every short sale in the denominator) the largest SI % Float with short interest over $25 million are:
U.S. SI & S3 SI % Float
Ticker
SI % Float
S3 SI % Float
Fee
Short Interest
1
B. RILEY FINANCIAL INC
RILY
57.30%
36.43%
62.07%
$219,485,981
2
FISKER INC
FSR
46.61%
31.79%
15.07%
$95,609,173
3
UPSTART HOLDINGS INC
UPST
43.68%
30.40%
2.07%
$1,009,975,949
4
CARVANA CO
CVNA
38.67%
27.89%
0.32%
$1,557,015,231
5
TRUPANION INC
TRUP
38.62%
27.86%
1.07%
$341,914,932
6
BEYOND MEAT INC
BYND
38.29%
27.69%
89.32%
$176,410,286
7
FRONTIER GROUP HOLDINGS INC
ULCC
37.80%
27.43%
0.30%
$69,467,164
8
NOVAVAX INC
NVAX
36.07%
26.51%
10.32%
$184,959,554
9
MAPLEBEAR INC
CART
35.97%
26.46%
6.82%
$196,513,471
10
C3.AI INC
AI
35.96%
26.45%
10.57%
$968,799,258
11
DYNE THERAPEUTICS INC
DYN
35.56%
26.23%
0.30%
$176,216,660
12
BLINK CHARGING CO
BLNK
35.15%
26.01%
10.57%
$54,189,005
13
SUNNOVA ENERGY INTL
NOVA
34.36%
25.57%
0.45%
$433,004,809
14
CASSAVA SCIENCES INC
SAVA
34.17%
25.47%
53.32%
$355,428,515
15
BIOMEA FUSION INC
BMEA
34.14%
25.45%
1.07%
$153,603,758
16
LEMONADE INC
LMND
33.75%
25.23%
0.82%
$277,787,057
17
DESKTOP METAL INC
DM
33.24%
24.95%
8.07%
$43,462,076
18
SAVERS VALUE VILLAGE INC
SVV
33.14%
24.89%
0.57%
$149,945,939
19
SUNPOWER CORP
SPWR
31.56%
23.99%
1.95%
$88,657,448
20
ATMUS FILTRATION TECHNOLOGIES
ATMU
31.12%
23.73%
19.82%
$113,193,226
21
IMMUNITYBIO INC
IBRX
30.86%
23.58%
36.82%
$155,445,059
22
ARBOR REALTY TRUST INC
ABR
30.31%
23.26%
4.07%
$810,726,146
23
STEM INC
STEM
29.95%
23.05%
7.32%
$143,253,749
24
ALLOGENE THERAPEUTICS INC
ALLO
29.74%
22.92%
0.30%
$101,497,929
25
PLUG POWER INC
PLUG
29.67%
22.88%
2.82%
$550,565,236
U.S. SI & S3 SI % Float
4.77%
4.29%
0.59%
$978,461,972,083
And finally, we can look at stock borrow rates to see how crowded a shorted stock is relative to the number of shares there are left to borrow to put on new short positions. The higher the stock borrow utilization and stock borrow rates the more expensive it is to short a stock. Short sellers need strong short-side conviction to short to keep a short position open when their Alpha is getting eaten away daily, even weekends. The stocks with the highest stock borrow rates with short interest over $25 million are:
U.S. Stock Borrow Fee
Ticker
SI % Float
S3 SI % Float
Fee
Short Interest
1
VINFAST AUTO LTD
VFS
27.49%
21.56%
137.57%
$58,369,396
2
BEYOND MEAT INC
BYND
38.29%
27.69%
89.32%
$176,410,286
3
B. RILEY FINANCIAL INC
RILY
57.30%
36.43%
62.07%
$219,485,981
4
FREEDOM HOLDING CORP/NV
FRHC
2.02%
1.98%
53.57%
$27,853,345
5
CASSAVA SCIENCES INC
SAVA
34.17%
25.47%
53.32%
$355,428,515
6
SIRIUS XM HLDGS
SIRI
28.48%
22.17%
45.07%
$922,309,809
7
IMMUNITYBIO INC
IBRX
30.86%
23.58%
36.82%
$155,445,059
8
GLOBAL PARTNERS LP
GLP
5.27%
5.01%
33.82%
$65,318,006
9
SOLENO THERAPEUTICS INC
SLNO
6.82%
6.38%
33.07%
$51,459,119
10
HUT 8 CORP
HUT
11.25%
10.11%
29.07%
$98,928,609
11
PURECYCLE TECHNOLOGIES INC
PCT
27.87%
21.80%
22.57%
$84,385,089
12
SUBURBAN PROPANE PRT
SPH
5.85%
5.53%
21.82%
$63,340,857
13
COMPASS PATHWAYS PLC
CMPS
5.35%
5.08%
21.57%
$25,339,674
14
ATMUS FILTRATION TECHNOLOGIES
ATMU
31.12%
23.73%
19.82%
$113,193,226
15
SUNOCO LP
SUN
6.73%
6.31%
18.57%
$219,670,979
16
USA COMPRESSION PTNRS LP
USAC
6.96%
6.51%
18.07%
$84,355,771
17
MICROVISION INC
MVIS
26.16%
20.73%
17.82%
$119,519,363
18
MANCHESTER UNITED
MANU
10.92%
9.84%
17.57%
$117,300,884
19
HIVE DIGITAL TECHNOLOGIES LTD
HIVE
10.71%
9.67%
17.57%
$33,850,771
20
POLESTAR AUTOMOTIVE PLC ADS
PSNY
6.07%
5.72%
16.82%
$47,689,061
21
INVITAE CORP
NVTA
24.13%
19.44%
16.57%
$33,518,384
22
DIGITAL WORLD ACQ CORP
DWAC
6.75%
6.33%
15.82%
$33,795,892
23
BOWLERO CORP
BOWL
22.69%
18.50%
15.32%
$227,485,799
24
ODDITY TECH LTD
ODD
20.20%
16.80%
15.32%
$202,197,528
25
FISKER INC
FSR
46.61%
31.79%
15.07%
$95,609,173
U.S. Stock Borrow Fee
4.77%
4.29%
0.59%
$978,461,972,083
Short covering in the U.S. market has been broad amongst all sectors with 60% of all short interest seeing some short covering. Consumer Discretionary, Industrials, Real Estate and Financials were the sectors with the most short covering over the last thirty days. Short sellers are trimming their exposure in sectors which may rebound more in a lower interest rate environment.
Our Blacklight SaaS platform and Black App provides an up-to-date view of short selling and short covering on an equity, sector, index, or country-wide basis allowing investors\traders to better manage their existing long and short positions. The Black MaP and Black App products provide a total view of long and short positioning in the market with a breakdown between Active\Passive long investors, 24 Fund type entities, over 50k securities globally across 108 countries and data from 58 regulatory exchanges.
