The 5 Most Shorted Dow Stocks

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Microsoft was among the stocks pushing the Dow Jones industrials toward new all-time highs last month. Short sellers watched the share price rise about 5% but retreat and end the period less than 2% higher than where it began. The shares have reclaimed most of that decline since then. The S&P 500 saw a gain of 3% or so between the settlement dates.

After rising nearly 1% in the past week, Microsoft stock ended trading most recently at $137.85 a share. That was in a 52-week range of $93.96 (seen last December) to $138.58 (this week). The share price is more than 35% higher than at the beginning of the year, compared to that gain of around 15% for the Dow.

And the Rest

Rounding out the top five most shorted Dow stocks on the most recent settlement date were Cisco Systems Inc. (NASDAQ: CSCO) and Apple Inc. (NASDAQ: AAPL). Both of these stocks saw a decrease in the number of their shares short during the final two weeks of June. Share prices of each rose in that time, though Apple was not able to hold on to its gain before the period ended. The iPhone maker announced the departure of its chief designer during those two weeks.

Also notice on the following list short interest changes in Dow stocks as of June 28 the big swings at Verizon (5G rollout), Caterpillar (trade war fallout) and Boeing (737 MAX grounding):

Dow Stock Short (millions) Change % Float
Pfizer 56.97 −10.69% 0.99%
Intel 55.92 −0.11% 1.24%
Microsoft 48.01 0.42% 0.64%
Cisco 47.54 −8.91% 1.08%
Apple 43.45 −7.56% 0.92%
Exxon 33.10 −5.77% 0.78%
Verizon 32.74 17.01% 0.79%
Visa 27.98 −8.83% 1.60%
Coca-Cola 27.92 −4.38% 0.66%
Walgreens 23.48 −2.26% 2.95%
JPMorgan 22.49 −1.60% 0.69%
Procter & Gamble 21.09 −7.94% 0.84%
Merck 19.34 11.72% 0.74%
Chevron 19.15 6.24% 1.01%
Disney 17.07 9.54% 1.15%
Walmart 15.86 0.86% 1.11%
IBM 15.13 −3.61% 1.70%
Johnson & Johnson 14.19 −1.66% 0.53%
3M 10.41 −1.72% 1.81%
Home Depot 9.65 −6.75% 0.86%
Nike 8.74 0.71% 0.70%
Caterpillar 7.36 −18.79% 1.28%
McDonald’s 6.82 7.90% 0.89%
UnitedHealth 6.66 −13.25% 0.70%
Goldman Sachs 6.60 0.46% 1.92%
Dow 6.22 −7.99 N/A%
American Express 6.18 −10.21% 0.73%
United Technologies 5.93 9.24% 0.69%
Boeing 5.63 11.08% 1.00%
Travelers 4.48 11.92% 1.71%
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