Investing
Short Sellers Savage The Macro-Caps Across The Board
Published:
Last Updated:
No industry was able to avoid short selling activity, particularly among its largest companies. Tech, automotive, conglomerates, consumer goods, and financial shares were all under pressure, and big firms took the brunt of the activity. It may be that the market has started to acknowledge a slowdown could reach every sector.
Shares short in GM (NYSE: GM) jumped 26% to 41.5 million. The short interest in Alcoa (NYSE: AA) was higher by 14% to 69.3 million. Shares sold short in defense firm Northrop Grumman (NYSE: NOC) moved higher by 226% to 26.7 million for the period which ended May 15.
Shares short in GE (NYSE: GE) were up 75.6 million shares. Shares sold short in Bank of America (NYSE: BAC) rose 8% to 100 million. Shares short in Johnson & Johnson (NYSE: JNJ) rose 24% to 34.6 million. The short interest in Merck (NYSE: MRK) was up 26% to 26.5 million.
Share short in Intel (NASDAQ: INTC) rose 18% to 97 million. Cisco (NASDAQ: CSCO) short interest rose 8% to 52.2 million.
Source: NASDAQ and NYSE
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
