Investing

Intel Overtakes Pfizer as Most Shorted Dow Stock

Microsoft led the Dow Jones industrials toward new all-time highs between the latest settlement dates. Short sellers watched the share price rise about 2% in the period, though it plateaued in the final couple of days. The S&P 500 saw a gain of 1% or so in the first two weeks of this month.

After rising nearly 4% in the past week, Microsoft stock ended trading most recently at $140.72 a share. That was in a 52-week range of $93.96 (seen last December) to $140.74 (this week). The share price is more than 38% higher than at the beginning of the year, compared to that gain of nearly 17% for the Dow.

And the Rest

Rounding out the top seven most shorted Dow stocks on the most recent settlement date were Apple Inc. (NASDAQ: AAPL) and Cisco Systems Inc. (NASDAQ: CSCO). Both of these stocks saw decreases in the number of their shares short during the first two weeks of July. Share prices of each rose in that time, though Apple was in the red for part of the period. An apparent trade ceasefire with China helped buoy the iPhone maker during those two weeks. Cisco still may be a good pick for long-term investors.

Also notice on the following list short interest changes in Dow stocks as of July 15 the big swings at Boeing (737 MAX grounding), Goldman Sachs (earnings expectations) and IBM (Red Hat acquisition):

Dow Stock Short (millions) Change % Float
Intel 61.05 9.17% 1.36%
Pfizer 57.72 1.31% 1.00%
Microsoft 49.70 3.53% 0.66%
Apple 42.43 −2.35% 0.90%
Cisco 39.91 −16.04% 0.91%
Exxon 35.60 7.55% 0.84%
Verizon 31.41 −4.07% 0.76%
Visa 29.66 6.01% 1.70%
Coca-Cola 28.32 1.44% 0.67%
Walgreens 24.94 6.22% 3.14%
JPMorgan 21.98 −2.25% 0.68%
Procter & Gamble 18.95 −10.14% 0.76%
Merck 18.94 −2.07% 0.73%
Chevron 18.41 −3.84% 0.97%
Disney 17.00 −0.40% 1.14%
IBM 16.95 12.03% 1.90%
Walmart 16.83 6.17% 1.18%
Johnson & Johnson 14.72 3.74% 0.55%
3M 11.16 7.24% 1.94%
Home Depot 10.18 5.46% 0.90%
Nike 8.58 −1.75% 0.69%
Goldman Sachs 7.43 12.64% 2.16%
Caterpillar 7.42 0.82% 1.29%
UnitedHealth 7.16 7.37% 0.75%
McDonald’s 6.83 0.19% 0.89%
Dow 6.70 7.68% N/A
American Express 5.47 −11.44% 0.65%
Travelers 5.40 20.40% 2.06%
United Technologies 5.34 −9.80% 0.62%
Boeing 4.32 −23.29% 0.77%