The 6 Most Shorted NYSE Stocks

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General Electric

General Electric Co. (NYSE: GE) saw the number of its shares short increase less than 1% in the final two weeks of the month, a pause after the 5% drop in the previous period. The more than 136.35 million shares reported most recently represented 1.4% of the conglomerate’s total float. The daily average volume dwindled again, and the days to cover reading ended the period at about two.

GE remained the Dow Jones industrial average’s worst performing stock of the year between the latest settlement dates. Shares ended the short interest period almost 6% lower. In that time, the Dow retreated less than 1%. GE’s share price was last seen at $14.94, after sinking to a 52-week low of $13.95 earlier in the month. The 52-week high, which was seen last April, was $30.54 a share. The stock now is about 17% lower year to date.

Bank of America

Bank of America Corp.’s (NYSE: BAC) short interest in the latest two-week period decreased more than 8% to over 128.69 million shares, more than making up for the 6% gain seen in the prior two-week period. The latest figure represents 1.2% of the total float. As of the end of last month, it would take about two days to cover all short positions as the daily average volume pulled back from a year-to-date high.

Bank of America remains a notable Warren Buffet holding on last look. Its share price ended the latest settlement period about where it began it, despite being up around 2% at one point. The stock closed most recently at $32.72 a share. That is more than % higher year to date. The shares have changed hands between $22.07 and this week’s $32.85 in the past year.

Ford

After a decline of more than 3% in Ford Motor Co. (NYSE: F) shares short in the prior period, the pace picked up and the latest period saw about a 7% pullback. That brought the reported number of shares short to nearly 125.117 million. It also represents 3.2% of the total float, and it lifted Ford back into the top six most shorted NYSE stocks. As of the latest settlement date, it would take four days to cover all short positions.

Ford brands failed to wow Consumer Reports in its recent tests. The automaker’s share price ended the latest settlement period less than 2% lower. The stock has risen somewhat since that time, and shares closed most recently at $10.73. That is more than 15% lower since the beginning of the year. The shares have changed hands between $10.14 and $13.48 apiece in the past 52 weeks.

And the Rest

Rounding out the top 10 were Alibaba Group Holding Ltd. (NYSE: BABA), Rite Aid Corp. (NYSE: RAD), Sprint Corp. (NYSE: S) and J.C. Penney Co. Inc. (NYSE: JCP). Short interest shrank for all four of these NYSE stocks, though Rite Aid was the leader of that trend with a double-digit decline in the number of its shares short.

A surge in Ensco Corp. (NYSE: ESV) shares short was not enough to lift it into the top 10 this time. Also lingering with it outside the spotlight of the 10 most shorted NYSE stocks is Vale S.A. (NYSE: VALE) once again. Snap Inc. (NYSE: SNAP) dropped even further from the top ten between the latest settlement dates.

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