Investing

The 6 Most Shorted Dow Stocks

Cisco shares overrunning the consensus target and hitting a 52-week high led to at least one analyst downgrade in the first half of this month. Short sellers watched the share price rise more than 9% but give back some of that gain and end the period only about 4% or so higher. That was about the same as the Dow’s rise between the settlement dates.

After slipping more than 1% in the past week, Cisco stock ended trading most recently at $56.08 a share. That was in a 52-week range of $40.25 (seen last December) to $58.15 (last week). The share price is more than 29% higher than at the beginning of the year, compared to the gain of less than 14% for 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), Apple Inc. (NASDAQ: AAPL) and Exxon Mobil Corp. (NYSE: XOM). Of these three, only Apple saw the number of its shares short shrink during the first two weeks of June, allowing it to slip from the top three on this list. Share prices of all three rose during the short interest period. While Cisco and Microsoft have helped lift the Dow to new all-time highs, that was not so true for Exxon.

Also notice on the following list short interest changes in Dow stocks as of June 14 the big swings at Visa, Caterpillar and Procter & Gamble:

Dow Stock Short (millions) Change % Float
Pfizer 63.79 −8.02% 1.10%
Intel 55.99 5.39% 1.25%
Cisco 52.19 19.50% 1.19%
Microsoft 47.81 6.77% 0.63%
Apple 47.00 −8.30% 1.00%
Exxon 35.13 1.97% 0.83%
Visa 30.69 13.73% 1.75%
Coca-Cola 29.20 6.18% 0.69%
Verizon 27.98 −1.27% 0.68%
Walgreens 24.02 2.84% 3.02%
Procter & Gamble 22.91 12.14% 0.92%
JPMorgan 22.85 7.04% 0.70%
Chevron 18.02 9.44% 0.95%
Merck 17.31 −2.23% 0.67%
Walmart 15.72 5.82% 1.10%
IBM 15.69 4.86% 1.76%
Disney 15.58 −10.77% 1.05%
Johnson & Johnson 14.43 7.73% 0.54%
3M 10.59 -7.48% 1.84%
Home Depot 10.35 1.28% 0.92%
Caterpillar 9.06 −14.91% 1.58%
Nike 8.67 −0.82% 0.70%
UnitedHealth 7.68 6.86% 0.81%
American Express 6.88 −3.20% 0.82%
McDonald’s 6.32 −6.47% 0.83%
Dow 6.76 0.41% N/A%
Goldman Sachs 6.57 −1.12% 1.91%
United Technologies 5.42 −9.34% 0.63%
Boeing 5.07 −9.73% 0.90%
Travelers 4.01 −6.41% 1.53%