The market is hovering around all-time highs, but some stocks are still seeing high short interest.
On July 7, data from analytics firm Ortex showed that investors betting against Tesla collected paper profits of $1.6 billion following the stock's slide on Elon Musk's announcement that he would be forming a new political party.
However, the list of the most-shorted names is mostly made up of smaller companies, representing a wide range of sectors and industries. Data from S&P Global Market Intelligence recently revealed the 10 most shorted stocks in the US, as calculated by the current percentage of shares outstanding loaned to short-sellers.
Here are the market's most-shorted names.
- Percent of shares loaned to short-sellers: 41.73%
Year-to-date performance: -34%
- Percent of shares loaned to short-sellers 36.02%
Year-to-date performance: +40%
- Percent of shares loaned to short-sellers: 35.31%
Year-to-date performance: -9%
- Percent of shares loaned to short-sellers: 35.11%
Year-to-date performance: -22%
- Percent of shares loaned to short-sellers: 34.76%
Year-to-date performance: +74%
- Percent of shares loaned to short-sellers: 33.50%
Year-to-date performance: +4%
- Percent of shares loaned to short-sellers: 32.48%
Year-to-date performance: +32%
- Percent of shares loaned to short-sellers: 31.69%
Year-to-date performance: +28%
- Percent of shares loaned to short-sellers: 30.99%
Performance year-to-date: -23%
- Percent of shares loaned to short-sellers: 22.55%
- Performance year-to-date: +3%
"The retail sector in the US continues to be challenged by online retailers and consumer sentiment, the EV sector continues to be challenged by international competitors and high refinancing costs, and the AI boom continues to produce companies with varying valuations," Matt Chessum, a director within S&P Global's securities finance team, told Business Insider.
