Investing

The 5 Most Shorted Nasdaq Stocks

Caesars said it completed the sale of Harrah’s Philadelphia during the short interest period. Its share price ended the final two weeks of last year more than 7% lower, despite being up more than 20% just before Christmas. The stock ended Thursday’s session at $7.99 per share, which is down more than 12% from 90 days ago. Its 52-week trading range is $5.84 to $14.50, and that low was seen during the Christmas Eve market sell-off.

TherapeuticsMD

Almost 70.14 million TherapeuticsMD Inc. (NASDAQ: TXMD) shares were sold short as of the most recent settlement date. That represented 35.9% of the available float, and it was about 1% less than in the prior period. After the average daily volume rose to a six-month high, it would take more than 16 days for investors to cover all their short positions. Note that the number of shares short decreased in four of the past five periods.

TherapeuticsMD operates as a women’s health care product company. Short sellers watched the share price bounce as high as about 4% and as low as over 8%, but it ended the month down about 1%. The stock closed most recently at $5.02 a share, which is more than 7% lower than 90 days ago. Shares have traded hands at between $4.22 (seen during the short interest period) and $7.66 apiece in the past 52 weeks.

Comcast

Comcast Corp.’s (NASDAQ: CMCSA) short interest grow by approximately 4% in the latest period, recovering most of the decline in the previous period. The more than 68.68 million shares short on the most recent settlement date represented 1.5% of the total float. The year-to-date high was more than 86 million shares short back last January. The latest days to cover figure remained more three as the average daily volume increased marginally.

Minnesota’s attorney general sued Comcast over its pricing practices in December. Its share price ended the latest two-week period more than 6% lower, after being down more than 10% earlier in the period. The stock closed most recently at $35.82 per share, which is up more than 4% from 90 days ago. Shares have changed hands at between $30.43 and $44.00 apiece in the past year.

And Others

Rounding out the top 10 were Intel Corp. (NASDAQ: INTC), Zynga Inc. (NASDAQ: ZNGA), Qualcomm Inc. (NASDAQ: QCOM), Mattel Inc. (NASDAQ: MAT) and Novavax Inc. (NASDAQ: NVAX). Mattel and Qualcomm both saw sizable drops in the number of their shares short, while Zynga led the rest of the pack, all gainers, between the most recent settlement dates.

Lingering outside the spotlight of the top 10 most shorted Nasdaq stocks were Opko Health Inc. (NASDAQ: OPK), Microsoft Corp. (NASDAQ: MSFT), Micron Technology Inc. (NASDAQ: MU) and Newell Brands Inc. Inc. (NASDAQ: NWL). Note that Apple Inc.’s (NASDAQ: AAPL) short interest was unchanged in the two-week period and it remains well out of the top 10.