Chevron was the most shorted large-cap stock in the Americas in October, with Super Micro Computer a close second according to a new report from Hazeltree, a treasury and operations technology provider for alternative asset managers.
The Shortside Crowdedness Report, which analyses short-selling activity across global regions, also identified French luxury giant LVMH and Japan’s SMC Corp as the most heavily shorted large-cap stocks in Europe (EMEA) and Asia-Pacific (APAC), respectively.
The monthly Hazeltree report, which ranks the top 10 most shorted securities by large-, mid-, and small-cap categories across the Americas, EMEA, and APAC, leverages data from its proprietary securities finance platform, tracking around 15,000 global equities. The platform draws anonymised data from about 700 asset management funds, providing insights into shorting trends.
In the Americas large-cap category, Chevron led with a Hazeltree Crowdedness Score of 99, while Super Micro Computer followed with a score of 94 and had the highest institutional supply utilisation rate at 42.78%. In mid-caps, five stocks—Murphy USA, CNX Resources Group, Columbia Sportswear, Henry Schein, and Charles River Laboratories—tied with top scores of 99. MP Materials Group had the highest utilisation rate in this category at 77.27%. In the small-cap category, Wolfspeed remained the most shorted, while NextNav had the highest utilisation rate at 69.46%.
LVMH was the most shorted EMEA large-cap with a score of 99, a notable increase from September’s score of 84. H&M had the highest institutional supply utilisation in this category at 69.07%. In mid-caps, Swatch Group led with a 99 score, and Nibe Industrier AB had the highest utilisation at 60.91%. Small-caps Basic-Fit NV and Aixtron SE both scored 99, with Basic-Fit NV leading in utilisation at 69.8%.
SMC Corp topped the large-cap category in Asia-Pacific with a 99 score, while Aeon Co had the highest utilisation at 13.78%. In mid-caps, Taisei Corp, Seibu Holdings, and Mercari each scored 99, with Pilbara Minerals seeing the highest utilisation rate at 73.36%. In the small-cap category, Money Forward led in shorting activity, and JMDC Inc showed the highest utilisation rate at 39.8%.
