Investing

The 5 Most Shorted Dow Stocks

Intel

> Shares short: more than 41.77 million
> Change from prior period: −2.2%
> Percentage of float: 1.0

Short interest slipped from its highest level since mid-March but, here too, the semiconductor leader remained in its position on the list despite the overall trend in the first two weeks of August. The number of shares short sank to a 52-week low in mid-July. The average daily trading volume plunged in the most recent period, and the days to cover figure ticked up to above one.

Intel tried to ease concerns about it during the period by announcing a new chip production method. Intel shares ended the two weeks trading over 2% higher, though they had been up about 4% earlier in the period. The Nasdaq saw a gain of around 3% between the latest settlement dates.

Intel stock was last seen trading at $49.43 a share. While that is up from the 52-week low of $43.63 from earlier this year, it is well off the $69.29 52-week high. The latest share price is down more than 17% since the beginning of the year, while the Nasdaq has gained more than 27% in that time.

And the Rest

Rounding out the top five most shorted Dow stocks on the most recent settlement date were Verizon Communications Inc. (NYSE: VZ) and Cisco Systems Inc. (NASDAQ: CSCO). The share price of the former rose marginally earlier this month, while the latter saw a notable pullback after disappointing earnings. Yet, the number of shares short decreased for both of them during the period.

On the following list of short interest changes in the Dow stocks as of August 14, note that American Express Co. (NYSE: AXP) and Walmart Inc. (NYSE: WMT) bucked the trend of falling short interest. The financial services giant remains a Warren Buffett holding, and the retail leader extended store hours during the period.

Dow Stock Short (millions) Change % Float
Pfizer 50.22 −6.11% 0.90%
Exxon 41.80 −13.90% 0.99%
Intel 41.77 −2.24% 0.98%
Verizon 30.33 −4.01% 0.73%
Cisco 29.82 −21.07% 0.71%
Microsoft 29.63 −18.75% 0.40%
Visa 26.25 −26.75% 1.56%
Disney 24.67 −7.14% 1.37%
Apple 23.66 −10.73% 0.55%
IBM 21.60 −4.46% 2.43%
Coca-Cola 21.57 −24.45% 0.51%
JPMorgan 20.30 −15.66% 0.67%
Walgreens 17.54 −7.28% 2.44%
Chevron 17.28 −3.21% 0.93%
Dow 15.80 −7.83% 2.13%
Walmart 14.23 12.89% 1.02%
Procter & Gamble 13.80 −9.01% 0.56%
Merck 11.80 −13.90% 0.47%
Raytheon Technologies 10.76 −7.08% 0.71%
Nike 10.13 −0.05% 1.05%
American Express 9.90 7.10% 1.23%
Johnson & Johnson 9.43 −23.88% 0.36%
Boeing 8.05 −18.53% 1.43%
3M 6.68 −0.02% 1.16%
Caterpillar 6.24 −5.88% 1.16%
Home Depot 6.16 −4.97% 0.57%
McDonald’s 6.06 0.39% 0.81%
UnitedHealth 5.47 −4.02% 0.58%
Travelers 4.61 −3.41% 1.83%
Goldman Sachs 3.92 1.18% 1.18%