Pfizer and Apple Remain Most Shorted Dow Stocks

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Intel
> Shares short:
57.09 million
> Change from prior period: 5.8%
> Percentage of float: 1.3%

Intel’s short interest has now risen for the second period in a row and is nearly back to where it was at the end of January. That is still well short of the year-to-date high of 104 million or so. As of the middle of this month, it would take more than two days for investors to cover all their short positions.

Intel lost out on a big acquisition recently, a potential blow to its data center CPU dominance. The March 15 closing share price was less than 2% higher than on the previous settlement date, a bit better than the S&P 500, though the share price pulled back somewhat afterward.

Intel was last seen trading at $53.44 a share, down modestly from the multiyear high of $57.60 hit last June. The 52-week low is $42.36 per share. And the latest share price is about 14 higher than at the beginning of the year, also better than the S&P 500.

And the Rest

Rounding out the top five most shorted Dow stocks on the most recent settlement date were Microsoft Corp. (NASDAQ: MSFT) and Cisco Systems Inc. (NASDAQ: CSCO). Note that despite the notable drop in Apple’s short interest, the number of shares short of the other Dow tech stocks that crowd the top of the list increased somewhat.

Also notice on the full list of the Dow stocks ranked by number of shares short as of March 15 how many saw double-digit percentage increases in the first two weeks of this month:

Dow Stock Short (millions) Change % Float
Pfizer 103.49 −25.10% 1.80%
Apple 72.75 −24.90% 1.50%
Intel 57.09 5.80% 1.30%
Microsoft 44.89 9.10% 0.60%
Cisco 44.23 7.40% 1.00%
Exxon 43.30 34.20% 1.00%
Disney 43.26 23.30% 2.90%
Merck 38.68 −2.50% 1.50%
Verizon 32.18 13.20% 0.80%
Visa 30.94 9.50% 1.80%
Coca-Cola 29.35 22.00% 0.70%
Walgreens 25.42 7.00% 3.20%
Procter & Gamble 24.68 9.80% 1.00%
DowDuPont 23.32 4.00% 1.00%
Walmart 20.13 11.80% 1.40%
Chevron 19.24 21.30% 1.00%
JPMorgan 18.54 5.20% 0.60%
IBM 15.87 22.00% 1.80%
Johnson & Johnson 13.07 24.60% 0.50%
Nike 10.26 18.10% 0.80%
3M 9.81 12.10% 1.70%
Home Depot 9.60 14.60% 0.90%
American Express 8.73 23.10% 1.00%
Caterpillar 7.68 −13.60% 1.30%
United Technologies 7.16 27.60% 0.80%
UnitedHealth 6.50 5.70% 0.70%
Goldman Sachs 6.31 −17.40% 1.80%
McDonald’s 6.25 6.70% 0.80%
Boeing 4.92 1.10% 0.90%
Travelers 3.67 8.80% 1.40%

 

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