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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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Stocks

All of the World’s Trillion-Dollar Companies in One Chart

We rank the world’s trillion-dollar companies as of June 18, 2024. Could TSMC be next?

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All of the World’s Trillion-Dollar Companies in One Chart

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.

Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar club” post.

In this graphic, we’ve visualized the market capitalizations of the world’s trillion-dollar companies, as of June 18, 2024. Included for additional context is the market cap of the median S&P 500 firm (as of May 30, 2024), as well as Taiwan’s TSMC, which is the next closest company to reaching the $1 trillion milestone.

Data and Key Takeaways

The figures used to create this graphic are included in the table below. Numbers for each company come from Companiesmarketcap.com, while the median S&P 500 market cap was sourced from S&P Global.

CompanyMarket Cap (USD)
🇺🇸 Nvidia$3.34T
🇺🇸 Microsoft$3.32T
🇺🇸 Apple$3.29T
🇺🇸 Alphabet$2.17T
🇺🇸 Amazon$1.90T
🇸🇦 Saudi Aramco$1.79T
🇺🇸 Meta$1.27T
🇹🇼 TSMC$932B
Median S&P 500 company$92B

Here are the key reasons behind each of these companies’ massive valuations:

  • Nvidia: Industry leader in data center chips, essential for training artificial intelligence
  • Microsoft: Dominance in enterprise software products (e.g. Windows, Office, Azure)
  • Apple: Strong track record of innovation and a large, loyal customer base
  • Alphabet: Leading player in online advertising and other digital platforms (e.g. Google Search, Youtube)
  • Amazon: Dominance in e-commerce and rising cloud computing market share through Amazon Web Services (AWS)
  • Saudi Aramco: World’s largest oil producer with massive reserves
  • Meta: Dominant player in social media (Facebook, Instagram, Whatsapp)

If you’re interested in learning more, check out our graphic: Visualizing How Big Tech Companies Make Their Billions.

Which Company Will Hit $1 Trillion Next?

As of June 18, there are a few candidates that could soon join the trillion-dollar club, including TSMC ($932B), Berkshire Hathaway ($881B), Eli Lilly ($847B), and Broadcom ($839B).

Most of these stocks have climbed significantly in 2024 so far, with TSMC up 77% since the start of the year, Eli Lilly up 51%, and Broadcom up 66%.

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