The 6 Most Shorted Nasdaq Stocks

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AMD

By the end of month, Advanced Micro Devices Inc. (NASDAQ: AMD) had more than 89.47 million shares short. That was down from more than 96.85 million on the previous settlement date, which was the highest level of short interest since April. The latest reading totaled 12.0% of the company’s float. The days to cover slipped to less than two as the average daily volume increased.

AMD was a growth stock pick at Jefferies during the period, and the ending share price was less than 4% higher than on the previous settlement date, though it was up more than 11% a one point. The stock reached a new 52-week high of $8.00 back in August, and shares closed at $6.94 on Wednesday. The 52-week low is $1.75.

Intel

More than 80.37 million Intel Corp. (NASDAQ: INTC) shares were sold short as of the most recent settlement date, which was the most since May. Short interest grew more than 6% during the period to total 1.7% of the company’s float. As of the end of October, it would take about three days to cover all short positions.

Analysts had mixed reactions to Intel’s most recent quarterly results, and its share price ended the two weeks down about 7% from on the previous settlement date. It is less than 1% higher year to date, and the stock closed at $34.75 on Wednesday. Shares have changed hands between $27.68 and $38.36 apiece in the past 52 weeks.

Opko Health

Opko Health Inc.’s (NASDAQ: OPK) short interest of nearly 72.92 million shares, as of the most recent settlement date, was down almost 2% from the previous period. It also was 21.7% of the total float. The daily average volume shrank for the third period in a row, and by the end of the month, the days to cover had risen to about 30.

The CEO frequently has been buying batches of Opko shares for well more than a year. The stock closed most recently at $9.58, in a 52-week range of $7.12 to $11.85. The share price ended the two-week short-interest period fractionally lower, and it has fallen less than 1% in the past week.

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And Others

Rounding out the top 10 again this period were NVIDIA Corp. (NASDAQ: NVDA), Novavax Inc. (NASDAQ: NVAX), BlackBerry Ltd. (NASDAQ: BBRY) and Micron Technology Inc. (NASDAQ: MU). NVIDIA stood out here for its approximately 6% rise in the number of shares short during the settlement period while short interest in the others shrank at least a little.

Tech giants Apple Inc. (NASDAQ: AAPL) and Yahoo! Inc. (NASDAQ: YHOO) also saw modest declines in short interest but lingered just outside the top 10. They were joined by Microsoft Corp. (NASDAQ: MSFT), which saw a sharp gain its shares sold short late last month.