Tesla was the most shorted stock across large- cap securities in the Americas in November, replacing Exxon Mobil Corp after a one- month hiatus, according to the rearmost Shortside Crowdedness Report from Hazeltree, a leader in active storeroom and intelligent operations technology for the indispensable asset assiduity. The report is a yearly table of the top 10 shorted securities in the Americas, EMEA, and APAC regions in the large-, medial-, and small- cap ranges.
During the month of November, the electric vehicle sector recaptured its position at the top, while oil painting and solar remained steady frontrunners, with multiple stocks among the 10 most shorted in their orders grounded on their Hazeltree crowdedness score. In the Americas, this included Tesla( 99), Exxon Mobil Corp( 85), Chevron Corp( 82), Rivian Automotive( 78), and Enphase Energy( 70) in the large- cap order, LucidInc.( 74) in themid-cap section, and Sunnova Energy( 99).
Other highlights from the November 2023 report include
Americas
In the large- cap order, Tesla was the most crowded with a score of 99, replacing Exxon Mobil Corp( 85), as the top shorted security. Rivian Automotive had the loftiest institutional force application(38.57) for the fifth successive month.
In themid-cap order, luxury electric vehicle maker LucidInc. had the loftiest institutional force application(96.39) and community adopt figure(14.16). SOFI Technologies remained the most crowded security for the third successive month( 99).
In the small- cap order, solar energy company Sunnova Energy was the most crowded security( 99). Also notable, Pure Cycle TechnologiesInc. displayed the loftiest institutional force application(93.05) and community adopt figure(5.61).
EMEA
In the large- cap order, LVMH was the most crowded security for the third successive month( 99), while Koninklijke Philips NV had the loftiest institutional force application(16.21).
In themid-cap order, KingFisher plc, Alstom, and Remy Cointreau SA were the most crowded securities( 99), while Alstom had the loftiest institutional force application(51.23).
In the small- cap order, Nordic Semiconductor ASA ande-commerce retail company THG PLC moved into the Shortside Report series, joining NEL ASA as the most crowded securities( 99). Also notable was Swiss pharmaceutical exploration company Idorsia Ltd, with the loftiest institutional force application rate(98.96) and community adopt figure(13.90).
APAC
In the large- cap order, Aeon Co, Advantest, Fortescue Essence Group, and Oriental Land Corp were the most crowded securities( 99), while CanonInc. led in institutional force application(23.09).
In themid-cap order, Mitsui OSK Lines Ltd joined the Shortside Report Series as the most crowded security( 99). Pilbara Minerals Ltd stood out with the loftiest institutional force application(59.21).
In the small- cap order, plutocrat ForwardInc. was the most crowded security( 99) for the fourth successive month, while Flat Glass Group had the loftiest institutional force application(45.71).
“ November’s report shows a continued focus from indispensable asset directors on shorting energy stocks in the Americas, ” said Stephanie Miller, CEO of Hazeltree. “ Hazeltree’s data is an perceptive shot into request sentiment and can act as a foundation for understanding deeper trends. ”
The Shortside Crowdedness Report tracks shorting exertion in three different criteria
Hazeltree Crowdedness Score This score represents securities that are being shorted by the loftiest chance of finances in Hazeltree’s community in apre-defined order. The securities are graded on a scale of 1- 99, with 99 representing the security that the loftiest chance of finances are shorting.
Institutional force Application This figure represents the chance of the institutional investors ’ force of a particular security that’s being advanced out. The institutional force application rate is an index of how “ hot ” a security is in terms of the force- demand dynamic. It’s possible to see 100 application of a security’s vacuity, making it delicate to establish new short positions.
Hazeltree Community Adopt figure This figure is the average weighted figure for what finances in the Hazeltree community are paying to adopt a security. The figure is represented as the annualized cost calculated as a chance of the price of the security.
The data contained in the report comes from Hazeltree’s personal securities finance platform data, which tracks roughly 12,000 global equities across the Americas, EMEA, and APAC. The data is added up and anonymized from the contributing Hazeltree community, which includes roughly 700 asset director finances.
To view Hazeltree’s November Shortside Crowdedness Report and once reports, click then.
