AT&T continued to reign as the most shorted stock trading on the New York Stock Exchange between the June 15 and June 30 settlement dates, and short sellers piled on Chesapeake Energy for the second period in a row. Of all the stocks featured here, only Petrobras saw a decline in short interest late in June.
Note that the top six most shorted NYSE stocks all had more than 100,000 shares short at the end of the most recent two-week settlement period.
The number of AT&T Inc. (NYSE: T) shares short grew 1.3% in the final weeks of the month. The almost 315.10 million shares short represented 6.1% of the float. It would take about nine days to cover all short positions. Note that the year-to-date peak short interest back in May was more than 320 million shares. Analysts were very positive on AT&T during the most recent period, and shares rose almost 6% but then gave up some of that gain in late June. The stock closed most recently at $34.65, which was up a little more than 3% from the beginning of the year. The 52-week trading range is $32.07 to $37.48.
There was a 7.8% rise in the number of Vale S.A. (NYSE: VALE) shares short, which more than erased the decline in the previous period. The end of the month reading was around 210.40 million shares, down from a year-to-date peak of nearly 250,000 back in April. At the current average daily volume, it would take around nine days to cover all short positions. Vale said during the period it may spin off its base metals unit, and its shares ended the two-week short interest period more than 9% lower. The S&P 500 fell about 1% in that time. Vale shares closed most recently at $5.43, in a 52-week range of $5.20 to $14.93.