Investing
The 6 Most Shorted NYSE Stocks: Short Sellers Still Fleeing GE
December 28, 2015 8:20 am
Last Updated: January 13, 2020 3:41 pm
General Electric saw its short interest drop sharply again between the November 30 and December 15 settlement dates. GE was the only one among the most shorted stocks trading on the New York Stock Exchange to see a decline. Alcoa led the upward trend, with a double-digit percentage bump that lifted it into the top six.
Note that the six most shorted NYSE stocks all had more than 130,000 shares short at the end of the most recent settlement period.
Short interest in Chesapeake Energy Corp. (NYSE: CHK) has grown for three consecutive periods, gaining more than 4% in early December to more than 246.28 million. That was 37.5% of the company’s float, and the days to cover fell to less than 10 as the daily average volume hit a three-month high. In the period, Chesapeake shares hit new 52-week lows. Short sellers watched the stock fall almost 29% between the settlement dates, while the S&P 500 was down a little more than 2%. Shares closed most recently at $4.45, up from a recent multiyear low of $3.56. The 52-week high of $21.49 was seen last February.
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