2nd Quarter 2024 Short Selling Recap
Author:
Ihor Dusaniwsky
Managing Director of Predictive Analytics, S3 Partners
Short interest in the U.S.\Canada markets increased by $57.9 billion, or +5.1%, to $1.20 trillion in the second quarter of 2024.
The sectors with the largest increase in short exposure in the first quarter were Information Technology (+$49.3 billion), Communication Services (+$11.2 billion) and Utilities (+$3.7 billion). While the sectors with the largest decrease in short exposure were in the Energy (-$12.3 billion) and Financial (-$1.6 billion) sectors.
Short exposure is concentrated in several sectors: Information Technology ($287 billion), Consumer Discretionary ($174 billion), Health Care ($146 billion) and Financials ($141 billion).
U.S.\Canadian Short Interest for the second quarter 2024:
Sector
3/29/2024
6/28/2024
2nd Qtr. Change
Communication Services
$75,855,353,396
$87,080,335,501
$11,224,982,105
Consumer Discretionary
$171,320,093,847
$174,292,929,673
$2,972,835,826
Consumer Staples
$53,045,757,563
$55,325,567,118
$2,279,809,555
Energy
$95,450,768,172
$83,168,188,619
($12,282,579,553)
Financials
$142,266,359,177
$140,633,158,720
($1,633,200,457)
Health Care
$143,972,828,828
$145,772,720,153
$1,799,891,325
Industrials
$123,838,053,841
$124,833,778,375
$995,724,534
Information Technology
$238,789,747,570
$287,126,231,408
$48,336,483,838
Materials
$41,571,302,139
$42,492,432,246
$921,130,107
Misc. (SPACs)
$9,714,100
$11,555,453
$1,841,353
Real Estate
$35,973,313,344
$35,498,511,498
($474,801,846)
Utilities
$24,908,945,286
$28,633,259,593
$3,724,314,307
Grand Total
$1,147,002,237,264
$1,204,868,668,356
$57,866,431,092
The $58.9 billion increase was made up of $73.9 billion of new short selling partially offset by $16.0 billion decrease in the mark-to-market value of shares shorted. The decreased value of shares shorted is opposite the market trends we have seen in the second quarter with the S&P 500 up +3.92%, Nasdaq up +8.26% and Russell 3000 up +2.86%.
Sectors with the largest increase of short selling were the Information Technology, Industrials, Communication Services and Communication Services sectors while the only sector with a decrease in shares shorted (short covering) was the Energy sector.
Sector
2nd Qtr. Change
Change Shs Shorted
Change MTM
Communication Services
$11,224,982,105
$7,374,013,167
$3,850,968,938
Consumer Discretionary
$2,972,835,826
$6,219,956,803
($3,247,120,977)
Consumer Staples
$2,279,809,555
$3,741,378,084
($1,461,568,529)
Energy
($12,282,579,553)
($7,391,775,923)
($4,890,803,630)
Financials
($1,633,200,457)
$3,921,621,676
($5,554,822,133)
Health Care
$1,799,891,325
$10,599,680,385
($8,799,789,060)
Industrials
$995,724,534
$8,701,800,423
($7,706,075,889)
Information Technology
$48,336,483,838
$33,307,000,574
$15,029,483,264
Materials
$921,130,107
$3,295,628,299
($2,374,498,192)
Misc. (SPACs)
$1,841,353
$2,643,410
($802,057)
Real Estate
($474,801,846)
$1,042,335,728
($1,517,137,574)
Utilities
$3,724,314,307
$3,096,198,976
$628,115,331
Grand Total
$57,866,431,092
$73,910,481,600
($16,044,050,508)
We can look at the largest increase and decrease in shares shorted by sector.
Communication Services short sellers increased short selling while stock prices rose. GOOG\L had the third largest amount of short selling in the second quarter.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
GOOGL US
Communication Services
$12,153,644,355
$1,848,117,944
$1,766,338,520
2
GOOG US
Communication Services
$7,529,382,878
$1,259,323,935
$1,065,178,589
3
META US
Communication Services
$14,350,247,131
$813,718,808
$500,418,449
4
NFLX US
Communication Services
$5,357,524,541
$723,550,321
$463,823,550
5
BCE US
Communication Services
$1,122,961,171
$618,465,525
($25,092,304)
1
SNAP US
Communication Services
$839,261,644
($511,599,926)
$417,213,719
2
PARA US
Communication Services
$642,535,723
($255,982,254)
($119,341,171)
3
BCE CN
Communication Services
$261,599,067
($237,822,334)
($24,452,170)
4
T US
Communication Services
$1,785,898,768
($223,609,645)
$158,783,775
5
EA US
Communication Services
$905,810,704
($181,452,664)
$51,971,431
Consumer Discretionary short sellers were actively shorting into a declining market. But TSLA US was a significant outlier in the sector with $2.2 billion of short covering, which was the third largest amount of short covering in the market. TSLA is now the fourth largest short, down from the top spot in 2023.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
BKNG US
Consumer Discretionary
$4,015,213,424
$1,065,021,545
$248,455,225
2
PDD US
Consumer Discretionary
$4,116,000,352
$864,668,776
$408,403,532
3
BABA US
Consumer Discretionary
$3,777,479,227
$785,052,432
($14,962,115)
4
SBUX US
Consumer Discretionary
$1,779,162,347
$555,521,096
($212,820,829)
5
CMG US
Consumer Discretionary
$2,818,066,370
$449,814,909
$170,657,765
1
TSLA US
Consumer Discretionary
$19,045,875,085
($2,222,568,372)
$2,374,266,880
2
CVNA US
Consumer Discretionary
$2,773,987,625
($979,579,795)
$1,190,048,876
3
ABNB US
Consumer Discretionary
$1,836,272,801
($892,343,763)
($239,876,247)
4
GM US
Consumer Discretionary
$2,788,562,879
($629,487,469)
$81,662,458
5
TSCO US
Consumer Discretionary
$1,715,959,990
($592,126,740)
$70,781,423
Consumer Staples short sellers were actively shorting into a declining market with two beverage companies holding the top spot as most short stocks in the sector.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
MNST US
Consumer Staples
$1,511,630,129
$803,419,077
($132,284,441)
2
PEP US
Consumer Staples
$3,183,192,497
$459,121,578
($166,486,471)
3
LW US
Consumer Staples
$693,221,570
$374,236,465
($85,171,392)
4
WMT US
Consumer Staples
$2,880,791,521
$366,133,361
$280,025,469
5
CART US
Consumer Staples
$548,628,711
$277,450,511
($43,452,632)
1
MO US
Consumer Staples
$1,352,856,356
($1,395,824,635)
$116,464,457
2
SFM US
Consumer Staples
$897,325,965
($380,453,889)
$292,945,477
3
CL US
Consumer Staples
$926,972,972
($213,317,016)
$82,137,562
4
BTI US
Consumer Staples
$237,230,378
($203,418,104)
$6,126,084
5
MDLZ US
Consumer Staples
$868,764,649
($133,943,508)
($69,870,833)
The Energy Sector saw the most short covering in the second quarter led by XOM (mostly stock split related), TRP (which had the second most short covering in the market in the second quarter). CNQ had the most short selling in the second quarter.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
CNQ US
Energy
$4,823,224,597
$1,462,407,808
($241,676,714)
2
SLB US
Energy
$1,532,060,899
$617,102,133
($147,968,056)
3
COP US
Energy
$2,037,169,013
$564,027,225
($166,143,789)
4
CVX US
Energy
$8,100,760,302
$331,282,387
($65,565,211)
5
PBA US
Energy
$573,529,227
$306,981,834
$12,507,888
1
XOM US
Energy
$4,963,731,040
($7,103,211,716)
($117,399,022)
2
TRP US
Energy
$929,189,638
($3,308,523,782)
($257,169,944)
3
OXY US
Energy
$2,077,016,069
($1,032,213,127)
($96,685,520)
4
PPL CN
Energy
$543,602,549
($537,269,829)
$52,875,514
5
CNQ CN
Energy
$578,758,149
($397,649,269)
($68,916,850)
Financial Sector short sellers were actively shorting into a declining market.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
AON US
Financials
$990,593,094
$446,118,003
($74,443,690)
2
AXP US
Financials
$1,985,634,252
$443,168,871
$25,713,455
3
CB US
Financials
$1,018,886,828
$415,903,093
($9,573,672)
4
CME US
Financials
$1,167,747,786
$298,695,756
($82,617,393)
5
SPGI US
Financials
$1,044,133,865
$281,943,360
$35,119,004
1
CM US
Financials
$868,469,420
($558,833,841)
($95,473,798)
2
TD US
Financials
$871,561,441
($555,662,857)
($140,748,781)
3
V US
Financials
$7,576,174,114
($526,592,249)
($512,770,645)
4
COIN US
Financials
$2,104,488,812
($480,252,142)
($498,850,412)
5
RY US
Financials
$875,865,488
($391,434,784)
$65,521,271
Health Care Sector short sellers were actively shorting into a declining market.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
LLY US
Health Care
$5,897,912,706
$990,149,824
$690,701,561
2
SRPT US
Health Care
$1,522,801,570
$796,502,806
$131,193,541
3
ZTS US
Health Care
$1,203,277,466
$570,218,486
$15,154,654
4
JNJ US
Health Care
$2,828,120,577
$497,868,754
($191,796,025)
5
REGN US
Health Care
$1,953,815,077
$459,869,768
$125,852,398
1
DXCM US
Health Care
$1,014,477,687
($637,700,141)
($368,963,981)
2
CI US
Health Care
$1,289,781,515
($553,054,188)
($181,847,217)
3
AMGN US
Health Care
$2,861,797,773
($410,326,837)
$294,590,802
4
ABT US
Health Care
$1,167,444,764
($337,292,276)
($141,191,265)
5
GILD US
Health Care
$1,270,335,832
($278,376,499)
($104,737,285)
Industrials Sector short sellers were actively shorting into a declining market. RTX had the fourth largest amount of short covering in the market.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
GEV US
Industrials
$1,084,005,973
$1,084,005,973
$0
2
BA US
Industrials
$2,400,869,699
$709,106,046
($102,057,747)
3
URI US
Industrials
$2,134,027,618
$574,281,365
($179,385,021)
4
GE US
Industrials
$2,299,868,234
$493,937,913
($188,124,707)
5
PAYX US
Industrials
$1,804,354,904
$481,160,584
($47,320,606)
1
RTX US
Industrials
$1,911,309,687
($1,565,581,247)
$99,052,811
2
CP US
Industrials
$646,108,268
($759,959,197)
($168,592,306)
3
WIRE US
Industrials
$237,755,824
($639,418,599)
$81,867,337
4
CAT US
Industrials
$3,811,536,126
($537,994,807)
($435,214,170)
5
ITW US
Industrials
$1,181,089,391
($506,992,033)
($223,476,810)
The Information Technology Sector had the largest amount of new short selling, +$33 billion, in the second quarter. Short sellers were actively shorting into a declining market. AAPL, NVDA, SMCI and AMD were all in the top five most shorted stocks in the second quarter.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
AAPL US
Information Technology
$28,114,211,280
$5,202,409,832
$4,257,752,969
2
NVDA US
Information Technology
$38,482,123,192
$3,450,140,248
$9,409,918,157
3
SMCI US
Information Technology
$4,181,091,316
$1,638,834,373
($591,635,860)
4
AMD US
Information Technology
$6,929,641,733
$1,601,609,146
($600,434,183)
5
MRVL US
Information Technology
$2,633,824,769
$1,388,916,914
($17,453,604)
1
APP US
Information Technology
$1,282,213,365
($769,269,951)
$345,118,599
2
IBM US
Information Technology
$3,499,060,172
($528,745,161)
($419,431,935)
3
NET US
Information Technology
$643,506,605
($301,160,769)
($159,668,512)
4
PLTR US
Information Technology
$1,786,714,470
($299,639,817)
$191,091,274
5
TEAM US
Information Technology
$660,958,091
($251,530,258)
($94,044,729)
Materials Sector short sellers were actively shorting into a declining market.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
IP US
Materials
$848,409,576
$572,903,284
$26,369,445
2
SHW US
Materials
$1,263,891,380
$500,606,775
($125,069,874)
3
FCX US
Materials
$1,281,897,493
$402,931,908
$28,575,454
4
APD US
Materials
$938,289,479
$345,005,109
$36,279,959
5
CRH US
Materials
$899,633,567
$336,979,090
($84,645,739)
1
LIN US
Materials
$2,191,587,903
($572,063,872)
($160,663,444)
2
IFF US
Materials
$349,395,837
($311,854,452)
$64,034,605
3
BALL US
Materials
$450,152,323
($168,377,107)
($75,641,506)
4
ARCH US
Materials
$169,087,895
($144,845,323)
($17,652,583)
5
PPG US
Materials
$385,430,658
($136,993,498)
($78,888,529)
SPAC short selling has declined tremendously over the last two years with short interest declining from over $2 billion to just $11 million.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
BWAQ US
Misc. (SPACs)
$488,827
$487,270
($444)
2
NETD US
Misc. (SPACs)
$390,249
$327,346
$784
3
ADRT US
Misc. (SPACs)
$330,150
$318,368
$2,302
4
IVCAU US
Misc. (SPACs)
$300,895
$300,848
$4
5
IBAC US
Misc. (SPACs)
$282,530
$282,530
$0
1
ANSC US
Misc. (SPACs)
$154,564
($388,045)
$4,506
2
CNDA US
Misc. (SPACs)
$46,410
($351,249)
$1,506
3
CLBR US
Misc. (SPACs)
$97,512
($217,830)
$156
4
AACT US
Misc. (SPACs)
$94,967
($212,749)
$2,888
5
AFJK US
Misc. (SPACs)
$17,629
($188,649)
$2,195
Real Estate Sector short sellers were actively shorting into a declining market.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
WELL US
Real Estate
$1,032,908,002
$294,140,645
$76,605,077
2
EXR US
Real Estate
$855,220,223
$251,834,290
$32,652,259
3
O US
Real Estate
$813,884,265
$216,590,734
($14,474,354)
4
BEKE US
Real Estate
$425,691,169
$203,156,220
$6,605,285
5
IRM US
Real Estate
$1,075,603,116
$197,184,792
$92,232,951
1
REXR US
Real Estate
$278,892,252
($390,744,489)
($85,750,702)
2
EQIX US
Real Estate
$1,311,849,545
($233,666,074)
($140,395,051)
3
PSA US
Real Estate
$907,831,650
($114,331,958)
($8,563,732)
4
WPC US
Real Estate
$284,743,556
($113,050,625)
($10,044,194)
5
ESS US
Real Estate
$303,835,726
($97,770,429)
$40,411,523
Utilities Sector short sellers were actively shorting into a rising market with the integrated electric utilities NEE and SO leading the pack of short selling.
Ticker
Sector
Short Interest
Change Shs Shorted
Change MTM
1
NEE US
Utilities
$2,383,667,646
$617,102,140
$172,140,999
2
SO US
Utilities
$1,720,859,064
$482,630,223
$93,062,734
3
NI US
Utilities
$414,567,456
$239,585,228
$6,984,737
4
EXC US
Utilities
$853,060,398
$238,968,829
($52,519,816)
5
NRG US
Utilities
$990,995,433
$206,998,907
$102,404,932
1
CMS US
Utilities
$554,366,165
($140,014,441)
($9,448,144)
2
AEP US
Utilities
$696,454,390
($124,174,474)
$15,338,922
3
NGG US
Utilities
$55,826,941
($101,855,521)
($31,703,012)
4
H CN
Utilities
$98,518,506
($85,930,732)
($164,917)
5
AEE US
Utilities
$241,964,572
($65,199,977)
($12,310,700)
Short sellers in most sectors were excellent stock pickers and invested in underperforming stocks even as sectors rallied. Shorts were up $10.1 billion in second quarter mark-to-market profits, up +0.86% for the quarter even as the Information Sector (nee Mag 7) rally hit shorts with $15.7 billion of second quarter mark-to-market losses.
There were 6,821 shorted equities with positive P\L, 55% of the market, producing +$78.3 billion in mark-to-market profits, +13.6%. There were 4,769 shorted equities with negative P\L, 39% of the market, producing -$68.3 billion in mark-to-market losses, -10.88%. 744 stocks were flat for the quarter, 6% of the market.
While there were a larger number of shorted stocks that were profitable, there were more dollars shorted which were unprofitable. 48% of dollars shorted were profitable versus 52% unprofitable.
The Industrial and Health Care sectors had the largest amount of second quarter mark-to-market profits while the Information Technology and Communication Services sectors had the largest amount of second quarter mark-to-market losses.
Sector
Average Short Interest
2nd Qtr. MTM P\L
P\L %
Communication Services
$87,080,335,501
($4,548,395,942)
-5.58%
Consumer Discretionary
$174,292,929,673
$3,435,832,658
1.99%
Consumer Staples
$55,325,567,118
$1,465,537,482
2.70%
Energy
$83,168,188,619
$2,736,716,693
3.06%
Financials
$140,633,158,720
$4,948,521,428
3.50%
Health Care
$145,772,720,153
$6,910,637,972
4.77%
Industrials
$124,833,778,375
$7,637,127,058
6.14%
Information Technology
$287,126,231,408
($15,688,893,283)
-5.97%
Materials
$42,492,432,246
$2,294,350,492
5.46%
Misc. (SPACs)
$11,555,453
($49,425)
-0.46%
Real Estate
$35,498,511,498
$1,302,665,210
3.65%
Utilities
$28,633,259,593
($427,870,586)
-1.60%
Grand Total
$1,204,868,668,356
$10,066,179,757
0.86%
The most profitable shorted stocks in dollar terms in the second quarter are:
Most Profitable 2nd Qtr. MTM P\L
Ticker
Avg Short Int
MTM P\L
P\L %
1
MICROSTRATEGY INC
MSTR US
$4,998,725,213
$1,131,680,215
22.64%
2
INTEL CORP
INTC US
$2,745,015,047
$966,798,776
35.22%
3
SUPER MICRO COMPUTER INC
SMCI US
$3,203,903,892
$600,028,328
18.73%
4
ADVANCED MICRO DEVICES
AMD US
$5,816,889,419
$588,210,421
10.11%
5
ALBEMARLE CORP
ALB US
$1,775,897,675
$577,392,945
32.51%
6
COINBASE GLOBAL INC
COIN US
$2,407,096,655
$498,365,682
20.70%
7
VISA INC
V US
$8,451,611,702
$493,995,323
5.84%
8
MONGODB INC
MDB US
$1,354,028,635
$470,473,604
34.75%
9
SOLAREDGE TECHNOLOGIES
SEDG US
$501,751,808
$469,013,670
93.48%
10
SALESFORCE INC
CRM US
$2,628,524,671
$463,266,186
17.62%
11
FLOOR & DECOR HLDGS
FND US
$1,805,690,210
$461,185,929
25.54%
12
WALT DISNEY CO
DIS US
$2,099,425,509
$449,176,132
21.40%
13
CELCIUS HOLDINGS
CELH US
$1,274,859,845
$420,931,159
33.02%
14
BRISTOLMYERS SQUIBB CO
BMY US
$1,384,176,267
$409,656,726
29.60%
15
IBM CORP
IBM US
$3,670,314,226
$406,361,561
11.07%
16
HOME DEPOT INC
HD US
$3,057,156,508
$393,151,165
12.86%
17
CATERPILLAR INC
CAT US
$4,105,729,565
$393,083,067
9.57%
18
WALGREENS BOOTS ALLIANCE
WBA US
$702,394,694
$383,600,750
54.61%
19
LULULEMON ATHLETICA INC
LULU US
$1,365,809,612
$379,647,668
27.80%
20
WAYFAIR INC
W US
$1,263,672,418
$372,513,998
29.48%
The least profitable shorted stocks in dollar terms in the second quarter are:
Least Profitable 2nd Qtr. MTM P\L
Ticker
Avg Short Int
MTM P\L
P\L %
1
NVIDIA CORP
NVDA US
$29,764,371,837
($9,423,483,315)
-31.66%
2
APPLE INC
AAPL US
$20,925,032,116
($4,315,560,254)
-20.62%
3
TESLA INC
TSLA US
$18,324,624,393
($2,044,995,676)
-11.16%
4
ALPHABET INC A
GOOGL US
$9,844,246,021
($1,846,485,015)
-18.76%
5
BROADCOM INC
AVGO US
$7,965,397,827
($1,421,799,226)
-17.85%
6
MICROSOFT CORP
MSFT US
$22,846,667,954
($1,366,478,260)
-5.98%
7
ALPHABET INC C
GOOG US
$6,498,974,845
($1,178,243,577)
-18.13%
8
CARVANA CO
CVNA US
$2,505,988,965
($1,007,828,347)
-40.22%
9
TAIWAN SEMICONDUCTOR ADR
TSM US
$3,814,193,242
($957,408,312)
-25.10%
10
AMAZON.COM INC
AMZN US
$13,405,154,476
($899,387,239)
-6.71%
11
GAMESTOP CORP
GME US
$1,055,914,856
($838,262,213)
-79.39%
12
ELI LILLY CO
LLY US
$4,600,092,209
($771,214,923)
-16.77%
13
COSTCO WHOLESALE
COST US
$5,004,530,452
($747,429,830)
-14.94%
14
META PLATFORMS INC
META US
$13,642,346,989
($622,471,126)
-4.56%
15
PALO ALTO NETWORKS INC
PANW US
$3,494,234,904
($616,117,969)
-17.63%
16
QUALCOMM INC
QCOM US
$3,962,013,856
($612,506,876)
-15.46%
17
NETFLIX INC
NFLX US
$4,625,528,479
($599,789,694)
-12.97%
18
CROWDSTRIKE HOLDINGS INC
CRWD US
$2,314,636,546
($471,954,755)
-20.39%
19
PINDUODUO INC ADR
PDD US
$4,104,088,819
($463,655,035)
-11.30%
20
APPLIED MATERIALS INC
AMAT US
$2,921,535,455
($430,480,475)
-14.73%
Larger cap stocks dominate the most and least profitable stocks in dollar terms just because of the sheer size of the shorts. The most profitable shorts (with over $50 million in short interest) in percentage terms in the second quarter are:
Most Profitable 2nd Qtr. MTM P\L%
Ticker
Avg Short Int
MTM P\L
P\L %
1
VERVE THERAPEUTICS INC
VERV US
$108,473,887
$132,872,249
122.49%
2
NIKOLA CORP
NKLA US
$148,878,213
$179,048,302
120.26%
3
VISIONAL INC
VISIF US
$153,092,092
$175,550,054
114.67%
4
PACIFIC BIOSCIENCES OF CALIFORNIA
PACB US
$108,914,980
$116,821,445
107.26%
5
GINKGO BIOWORKS HLDGS INC
DNA US
$201,954,580
$211,415,779
104.68%
6
ZENTALIS PHARMA
ZNTL US
$194,650,866
$201,977,032
103.76%
7
BIOMEA FUSION INC
BMEA US
$133,726,222
$126,545,579
94.63%
8
SOLAREDGE TECHNOLOGIES
SEDG US
$501,751,808
$469,013,670
93.48%
9
SPROUT SOCIAL INC
SPT US
$284,457,053
$234,441,809
82.42%
10
EYEPOINT PHARMACEUTICALS INC
EYPT US
$103,634,864
$84,382,662
81.42%
11
CABALETTA BIO INC
CABA US
$115,640,374
$92,033,174
79.59%
12
SCHOLAR ROCK HOLDING CORP
SRRK US
$163,291,746
$124,351,849
76.15%
13
HERTZ GLOBAL HLDGS INC
HTZ US
$156,388,407
$118,548,323
75.80%
14
OWENS & MINOR INC
OMI US
$110,481,282
$76,858,079
69.57%
15
ALLOGENE THERAPEUTICS INC
ALLO US
$106,550,231
$71,456,741
67.06%
16
10X GENOMICS INC
TXG US
$255,144,321
$170,936,794
67.00%
17
IMMUNOCORE HOLDINGS PLC ADR
IMCR US
$263,018,224
$172,174,022
65.46%
18
SAGE THERAPEUTICS INC
SAGE US
$106,862,295
$67,567,460
63.23%
19
SHOALS TECHNOLOGIES GRP
SHLS US
$182,629,976
$113,780,513
62.30%
20
IOVANCE BIOTHERAPEUTICS INC
IOVA US
$540,001,346
$334,854,524
62.01%
The least profitable shorts (with over $50 million in short interest) in percentage terms in the second quarter are:
Least Profitable 2nd Qtr. MTM P\L%
Ticker
Avg Short Int
MTM P\L
P\L %
1
AST SPACEMOBILE INC
ASTS US
$147,348,725
($262,130,937)
-177.90%
2
INSMED INC
INSM US
$393,067,913
($417,508,828)
-106.22%
3
NOVAVAX INC
NVAX US
$407,387,427
($374,519,707)
-91.93%
4
ZIM INTEGRATED SHIPPING SVCS
ZIM US
$282,072,717
($237,757,570)
-84.29%
5
ENOVIX CORP
ENVX US
$400,572,417
($330,801,258)
-82.58%
6
GAMESTOP CORP
GME US
$1,055,914,856
($838,262,213)
-79.39%
7
SUMMIT THERAPEUTICS INC
SMMT US
$121,626,614
($80,942,339)
-66.55%
8
TRANSMEDICS GROUP INC
TMDX US
$682,997,503
($429,678,297)
-62.91%
9
CHEWY INC
CHWY US
$397,717,299
($227,048,003)
-57.09%
10
AVIDITY BIOSCIENCES INC
RNA US
$312,832,055
($171,442,987)
-54.80%
11
ALPINE IMMUNE SCIENCES INC
N.A.
$253,495,713
($130,898,981)
-51.64%
12
ALNYLAM PHARMA
ALNY US
$387,648,903
($199,636,933)
-51.50%
13
ZETA GLOBAL HOLDINGS CORP
ZETA US
$135,775,686
($65,353,844)
-48.13%
14
CREDO TECHNOLOGY GROUP HLDG
CRDO US
$231,741,071
($109,711,383)
-47.34%
15
CAMTEK LTD
CAMT US
$242,419,131
($108,567,216)
-44.78%
16
CARPENTER TECHNOLOGY CORP
CRS US
$130,705,197
($58,188,651)
-44.52%
17
FTAI AVIATION LTD
FTAI US
$327,171,553
($144,963,507)
-44.31%
18
NURIX THERAPEUTICS INC
NRIX US
$112,767,765
($46,695,081)
-41.41%
19
GUARDANT HEALTH INC
GH US
$206,437,961
($85,384,601)
-41.36%
20
BRINKER INTL INC
EAT US
$436,917,324
($177,830,301)
-40.70%
Our Blacklight SaaS platform and Black App provides an up-to-date view of short selling and short covering on an equity, sector, index, or country-wide basis allowing investors\traders to better manage their existing long and short positions. The Black MaP and Black App products provide a total view of long and short positioning in the market with a breakdown between Active\Passive long investors, 24 Fund type entities, over 50k securities globally across 108 countries and data from 58 regulatory exchanges.
