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The Most Shorted Stocks in the U.S. (Fall 2023)

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The Most Shorted U.S. Stocks in 2023

The Most Shorted Stocks in the U.S. (Fall 2023)

Shorting a company involves borrowing its shares, selling them at current prices, and then buying them back in the future at a lower price. Essentially, short sellers are betting that the company will underperform in the future.

In this infographic, we list the 15 most shorted stocks in the U.S. during the fall of 2023, ranked by the value of their short interest, using data from FactSet.

Tesla: The Most Shorted Stock in 2023

This ranking is sorted by the dollar value of each firm’s short interest as of October 31, 2023.

Tesla holds the top position as the most shorted stock in 2023 so far. Of the 15 companies listed, seven rank among the top 50 largest companies in the world.

CompanyShort Interest Value
(Oct. 2023)
Short Interest
(% of float cap)
Tesla$17B3%
RTX$9B8%
Exxon Mobil$8B2%
IBM$4B3%
Charter Communications$4B9%
Chevron$4B1%
Airbnb$3B7%
Blackstone$3B5%
Applied Materials$3B3%
Occidental Petroleum$3B7%
Costco$2B1%
Walmart$2B1%
Lululemon Athletica$2B5%
PepsiCo$2B1%
Cisco Systems$2B1%

The EV maker’s shares are often volatile, which may explain the popularity of making short-term bets on the stock.

According to Cboe Global Markets, the biggest operator of options exchanges in the U.S., Tesla stock options are among the most heavily traded products on its platforms.

Another important factor to consider is the short interest’s percentage of the float cap. This percentage refers to the portion of the company’s publicly traded shares that have been shorted by investors, adding another layer of context to the ranking.

Charter Communications holds the highest percentage of float cap, with 9%. The mass media company, the second-largest cable operator in the U.S. by subscribers, recently agreed to pay $25 million to settle U.S. Securities and Exchange Commission charges related to stock buyback controls violations.

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Ranked: Top 10 Single-Day Market Cap Gains

Nvidia broke the record for the largest single-day market cap gains after adding nearly $250B on Feb. 22, 2024.

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The 10 Biggest Single-Day Market Cap Gains

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Since the COVID-19 pandemic, U.S. tech stocks have led in terms of market cap gains, sometimes boosting their valuations by hundreds of billions of dollars in a single day.

In this graphic, we’ve ranked the largest single-day gains ever recorded, using data from Bloomberg.

Top 10 List

The top 10 list includes just 5 companies, and all are based in the U.S.

RankDateCompanySingle-day
Market Cap Gain
(USD billions)
1Feb 22, 2024NVIDIA$247.0
2Feb 2, 2024Meta$196.8
3Nov 10, 2022Apple$190.9
4Feb 4, 2022Amazon$190.8
5May 25, 2023NVIDIA$184.1
6Jan 28, 2022Apple$178.9
7Jul 31, 2020Apple$169.0
8Oct 28, 2022Apple$150.5
9Mar 13, 2020Microsoft$150.4
10Apr 26, 2023Microsoft$148.3

To put these massive gains into context, consider this: As of May 2023, the average market cap of an S&P 500 company was $30.4 billion.

Meta’s $197B Record Didn’t Last Long

On Feb 2. 2024, Meta set a new record for the largest single-day gain after reporting strong quarterly earnings, as well as announcing $50B in share repurchases and its first ever dividend payment.

This record lasted only 20 days, however, as Nvidia’s massive Q4 2024 earnings beat sent it to all-time highs. The firm is now nearing a $2T valuation, firmly placing it among the world’s most valuable corporations.

More on Nvidia’s Earnings…

Nvidia reported $12.3B in net income during Q4 2024, which is 769% higher than the same quarter last year. Revenues are also up 265% from last year, largely driven by demand for its AI chips like the H100 Tensor Core GPU.

Nvidia’s earnings have seemingly shifted the AI craze into another gear, boosting other chip stocks like AMD and Super Micro Computer (SMCI) to double-digit % gains for the day (Feb 22).

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