6 Most Shorted Dow Stocks

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Expected lower demand and increased competition were the drivers behind an analyst downgrade of Intel during the period. However, the April 15 closing share price was more than 4% higher than on the previous settlement date, much of that gain coming early in the period. The S&P 500 rose around 2% or so in the initial half of the month.

Intel was last seen trading at $57.61 a share, down modestly from the recent multiyear high of $59.59. The 52-week low is $42.36 per share. And the latest share price is more than 22% higher than at the beginning of the year, which is about the same as the Nasdaq but better than the Dow.

And the Rest

Rounding out the top six most shorted Dow stocks on the most recent settlement date were Microsoft Corp. (NASDAQ: MSFT), Cisco Systems Inc. (NASDAQ: CSCO) and Exxon Mobil Corp. (NYSE: XOM). In all three, fewer shares were sold short by the end of the period, a time when their share prices were on the rise. In fact, Cisco and Microsoft each have seen a recent 52-week high, with Cisco the best-performing Dow stock during the period as well.

Also notice on the full list of the Dow stocks ranked by number of shares short as of April 15 that the clear trend was shrinking short interest in the first two weeks of this month, with notably Disney and Walgreens bucking that trend:

Dow Stock Short (millions) Change % Float
Pfizer 65.04 −18.6% 1.2%
Apple 61.00 −10.0% 1.3%
Intel 52.10 −3.4% 1.2%
Microsoft 42.92 −6.6% 0.6%
Cisco 39.64 −6.1% 0.9%
Exxon 36.63 −7.3% 0.9%
Visa 28.43 −5.4% 1.6%
Verizon 28.06 −27.4% 0.7%
Walgreens 26.88 14.4% 3.4%
Merck 22.31 −31.6% 0.9%
Coca-Cola 22.17 −9.6% 0.5%
Procter & Gamble 20.99 −8.0% 0.8%
JPMorgan 18.88 7.3% 0.6%
Chevron 17.01 −1.0% 0.9%
Walmart 16.32 −1.2% 1.2%
IBM 14.30 −2.3% 1.6%
Disney 13.98 −0.0% 0.8%
Johnson & Johnson 11.24 −8.4% 0.4%
Home Depot 9.61 −0.0% 0.9%
Nike 9.51 −13.3% 0.8%
3M 9.25 −7.6% 1.6%
Dow 7.77 n/a 1.0%
United Technologies 7.46 −1.9% 0.9%
American Express 6.45 −3.8% 0.8%
McDonald’s 5.88 −5.0% 0.8%
Caterpillar 5.87 −6.11% 1.0%
Goldman Sachs 5.86 7.8% 1.7%
UnitedHealth 5.58 −14.3% 0.6%
Boeing 5.34 5.4% 0.9%
Travelers 3.83 −0.7% 1.5%

 

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