Exxon was most shorted S&P 500 stock last month, topping Tesla – BI
- Finance
Harry Byrne- 0
- 9 minutes read
David McNew/Getty Images News
Exxon Mobil (NYSE:XOM) was the most-shorted large-cap stock in the S&P 500 in October, replacing Tesla (TSLA), which had been most shorted for four straight months, Business Insider reported this week, citing research from HazelTree.
Following Exxon (XOM) and Tesla (TSLA) among large-cap stocks were Apple (AAPL), Charter Communications (CHTR), Broadcom (AVGO), Rivian Automotive (RIVN), US Bancorp (USB), SNAP (SNAP), Ford (F), and Airbnb (ABNB).
The three most-shorted names in the mid-cap sector, according to the BI report, included SOFI Technologies (SOFI), American Airlines (AAL), and Lucid (LCID).
The report also listed the top stocks ranked by the percentage of institutional investors’ supply of a particular stock to be loaned to short sellers, which was topped by Rivian (RIVN).
They aren’t short it because they think it’s going down. They are short because $xom is making a $60 billion acquisition for stock. It’s all arbs
What is US Bankcorp doing in that list? . Do they have a big CRE loan portfolio problem?
Shorting a company with a P/E of 11 which produces the fundamental commodity of modern industrial states seems an odd thing to do.
This is by dollar value….. useless metric