According to the monthly report released by HazelTree, a data and technology company, in July, the former "AI bull stock" has been replaced as the most shorted large-cap stock in the Americas. Since May, Tesla has been the most shorted security in this category, but in July, its score dropped to 94, second only to the score of 97 for Synopsys, which HazelTree Data Insight CEO Tim Smith said three semiconductor companies currently seem to be the focus of short sellers' attention. Last month, we saw several semiconductor securities enter the top ten, and this month's report shows that Super Micro Computer and Cisco are maintaining their advantage among the most crowded short securities. Below are the top ten securities in the Americas with the most short positions in July 2024, according to Hazeltree's data: $Super Micro Computer (SMCI.US)$replaced$Tesla (TSLA.US)$as the most shorted large-cap stock in the Americas.
HazelTree ranks short sales from 1 to 99 using the Crowdedness Score and the highest level represents the highest percentage of hedge funds tracked by HazelTree shorting a stock.
The California-based technology company tops the list of shorted securities in large-cap stocks with a score of 99, up from 82 in June.
As of July 31, traders had shorted 5.41 million shares of Super Micro Computer, accounting for 9.67% of shorted shares.
Since May, Tesla has been the most shorted security in this category, but in July, its score dropped to 94, second only to the score of 97 for $Chevron (CVX.US)$.
HazelTree Data Insight CEO Tim Smith said three semiconductor companies currently seem to be the focus of short sellers' attention. Last month, we saw several semiconductor securities enter the top ten, and this month's report shows that Super Micro Computer and $Microchip Technology (MCHP.US)$are maintaining their advantage among the most crowded short securities.
HazelTree's report also highlights the percentage of institutional investors lending a stock to short sellers. Short sellers must borrow the stock in order to sell it immediately. If the stock price falls as expected, the seller will buy back the stock and return it to the lender, pocketing the difference.
HazelTree tracks the "heat" of a stock based on supply and demand among short sellers.
Super Micro Computer has the highest institutional supply utilization rate, reaching 22.85%.
According to Hazeltree's data, here are the top ten securities in the Americas with the most short positions in July 2024:
Super Micro Computer: Crowdedness Score 99
Chevron: Score 97
Tesla: Score 94
Charter Communications: Score 84
Microchip Technology: Score 81
Boeing: Score 81
Accenture: Score 81
IBM: Score 78
Synopsys: Score 78
Ford: Score 76
Editor/Lambor