> Shares short: more than 43.13 million
> Change from prior period: 0.5%
> Percentage of float: 0.6
Microsoft remained at the third spot on the list in the latter half of June as it saw little change in the number of its shares short. It remains above the 52-week low of around 37 million shares short that occurred back in February. It would take these investors more than a day to cover their short bets, as of the close of last month.
During the period, Microsoft was seen as a top pick in the environmental, social, and governance (ESG) theme. The shares ended the two weeks trading more than 7% higher, and it continued to rise after the end of the period. The Nasdaq saw a gain of less than 4% during the short interest period.
Microsoft stock was last seen trading at $213.67 a share, after hitting a multiyear high of $216.38 last week. The 52-week low of $130.78 happened last summer. The latest share price is 34% or so higher than the low during the pandemic sell-off, about the same as the Nasdaq in that time.
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 Visa Inc. (NYSE: V). Both the networking company and the financial services provider saw the numbers of their shares short increase marginally late last month. The former was praised for its solid dividend, while the latter saw price target hikes from both Oppenheimer and Citigroup during the period.
On the following list of short interest changes in the Dow stocks as of June 30, note that International Business Machines Corp. (NYSE: IBM) and Nike Inc. (NYSE: NKE) bucked the overall trend of short seller caution. The former moved to acquire a cybersecurity provider while the latter posted disappointing quarterly results last month.
|Dow Stock||Short (millions)||Change||% Float|
|Procter & Gamble||14.88||−10.46%||0.60%|
|Johnson & Johnson||12.78||−7.12%||0.49%|
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