The 6 Most Shorted Nasdaq Stocks

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AMD

By the middle of month, Advanced Micro Devices Inc. (NASDAQ: AMD) had almost 96.86 million shares short. That was up from around 93.71 million on the previous settlement date, as well as the highest level of short interest since April. The latest reading totaled 13.0% of the company’s float. The days to cover ticked up to about three from a year-to-date low of around one a month ago.

An announced collaboration with Alibaba boosted AMD shares during the period, but the ending share price was more than 2% lower than on the previous settlement date, though it was down 6% a one point. The stock reached a new 52-week high of $8.00 back in August, and shares closed at $7.49 on Tuesday. The 52-week low is $1.75.

Intel

More than 75.69 million Intel Corp. (NASDAQ: INTC) shares were sold short as of the most recent settlement date. That was essentially flat for the second period in a row, and it totaled 1.6% of the company’s float. Note that the short interest hit a year-to-date low in mid-August. As of the middle of October, it would take more than four days to cover all short positions.

Intel is expected to fare well if the dollar weakens, and its share price ended the two weeks down less than 1% from on the previous settlement date. It is less than 2% higher year to date, and the stock closed at $35.10 on Tuesday. Shares have changed hands between $27.68 and $38.36 per share in the past 52 weeks.

Opko Health

Opko Health Inc.’s (NASDAQ: OPK) short interest of more than 74.33 million shares, as of the most recent settlement date, was up almost 4% from the previous period. That was 22.2% of the total float. The daily average volume shrank marginally during the two weeks, and by the end of the month, the days to cover had risen from near 21 to about 22.

The CEO frequently has been buying batches of Opko shares for well more than a year. The stock closed most recently at $9.40, in a 52-week range of $7.12 to $11.85. The share price ended the two-week short-interest period more than 10% lower, and it has a little more since that time.

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And Others

Rounding out the top 10 were Novavax Inc. (NASDAQ: NVAX), NVIDIA Corp. (NASDAQ: NVDA), BlackBerry Ltd. (NASDAQ: BBRY) and Micron Technology Inc. (NASDAQ: MU). Micron stood out here for its more than 13% plunge in the number of shares short during the settlement period. BlackBerry’s short interest gained enough to lift it into the top 10 this month.

Tech giants Apple Inc. (NASDAQ: AAPL) and Yahoo! Inc. (NASDAQ: YHOO) also saw modest gains in short interest, but not enough to make it into the top 10. Also lingering outside the top 10 are JD.com Inc. (NASDAQ: JD) and Cisco Systems Inc. (NASDAQ: CSCO).