The 5 Most Shorted Dow Stocks

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Intel
> Shares short:
53.90 million
> Change from prior period: −5.6%
> Percentage of float: 1.2

This reclaimed a similar gain in the previous period but now is the lowest short interest since last October. Note that the average daily trading volume fell to a 52-week low and, as of the end of last month, it would take almost three days for investors to cover all their short positions.

Some analysts see old-school tech stocks like Intel as the way to play the sector now. The March 29 closing share price was more than 1% lower than on the previous settlement date, though it was down more than 3% earlier in the period. The S&P 500 saw a marginal gain in the latter half of the month.

Intel was last seen trading at $55.32 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 more than 17% higher than at the beginning of the year, which is less than the Nasdaq but better than the Dow.

And the Rest

Rounding out the top five most shorted Dow stocks again on the most recent settlement date were Microsoft Corp. (NASDAQ: MSFT) and Cisco Systems Inc. (NASDAQ: CSCO). While the former bucked the overall trend with a modest gain in the number of its shares short, both of these stocks saw a marginal increase in their share price during the short interest period.

Also notice on the full list of the Dow stocks ranked by number of shares short as of March 29 that while the overall trend was for short sellers to shy away from these stocks, Walt Disney Co. (NYSE: DIS) led that charge, which allowed it to fall well down the list in those two weeks, and Verizon Communications Inc. (NYSE: VZ) bucked the trend:

Dow Stock Short (millions) Change % Float
Pfizer 79.89 −22.80% 1.44%
Apple 67.79 −6.83% 1.44%
Intel 53.90 −5.57% 1.20%
Microsoft 45.93 2.32% 0.61%
Cisco 42.22 −4.56% 0.96%
Exxon 39.52 −8.72% 0.93%
Verizon 38.66 20.12% 0.9.4%
Merck 32.63 −15.65% 1.27%
Visa 30.05 −2.86% 1.72%
Coca-Cola 24.51 −16.47% 0.58%
Walgreens 23.50 −7.53% 2.96%
Procter & Gamble 22.81 −7.58% 0.91%
DowDuPont 22.33 −4.28% 0.99%
Chevron 17.17 −10.74% 0.90%
Walmart 16.52 −17.93% 1.18%
JPMorgan 17.59 −5.19% 0.54%
IBM 14.63 −7.82% 1.65%
Disney 13.98 −67.69% 0.78%
Johnson & Johnson 12.27 −6.13% 0.46%
Nike 10.96 6.75% 0.88%
3M 10.02 2.13% 1.74%
Home Depot 9.61 0.14% 0.85%
United Technologies 7.61 6.24% 0.88%
American Express 6.70 −23.29% 0.80%
UnitedHealth 6.51 0.29% 0.68%
Caterpillar 6.26 −18.61% 1.09%
McDonald’s 6.19 −0.99% 0.81%
Goldman Sachs 5.44 −13.71% 1.59%
Boeing 5.07 2.95% 0.90%
Travelers 3.86 5.18% 1.47%

Note: DowDuPont was replaced by Dow after the most recent short interest settlement date.

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