Actionable news
All posts from Actionable news

The 6 Most Shorted NYSE Stocks

Summer is in full swing, and judging by the moves in the six most shorted stocks traded on the New York Stock Exchange between June 30 and July 14, short sellers are not sure on what to make of major indexes remaining near all-time highs even though the bull run is well more than eight years old now. There were short interest swings in both directions during those two weeks, but they were mostly mild.

One of the most popular money center banks stood out with a notable rise in the number of shares short, following the results of the big bank stress tests. On the other hand, short sellers continued to shy away from one of the big three Detroit automakers. And an iconic conglomerate managed to slip out of the top 10 by the middle of the month.

Note that the top six stocks on the list all had more than 120 million shares short at the end of the most recent settlement period.

Chesapeake Energy

The number of Chesapeake Energy Corp.’s (NYSE: CHK) shares short has risen in nearly every period so far this year, and it remains the most shorted NYSE stock. Short interest increased most recently by only little more than 1% to nearly 205.60 million shares. That was 23.0% of the company’s float. At the latest posted daily average trading volume, it would take about seven days to cover all the short positions.

One key analyst projected ongoing weakness for Chesapeake and sector peers during the most recent period. Its share price ended the two weeks about 2% lower, though it was down more than 8% at one point. The S&P 500 saw a more than 1% rise in that time. The stock closed most recently at $4.85 a share, which is about 31% lower year to date. Shares have changed hands between $4.38 and $8.20 in the past 52 weeks.


The more than 158.22 million AT&T Inc. (NYSE: T) shares short on the most recent settlement date was almost 6% higher than at the end of June, lifting it into the number two...