Chevron remained the most shorted large-cap stock in the Americas for the second consecutive month in November, according to the 2024 Shortside Crowdedness Report from Hazeltree, which tracks short-selling trends globally.
The report also highlighted LVMH and Anta Sports Products as the most crowded shorted large-cap stocks in the EMEA and APAC regions, respectively.
The report, based on data from Hazeltree’s securities finance platform, analyses shorting activity across approximately 15,000 equities in the Americas, EMEA, and APAC. It ranks securities in large-, mid-, and small-cap categories based on metrics like the Hazeltree Crowdedness Score – which indicates the percentage of funds shorting a security, institutional supply utilisation – the percentage of the institutional investors’ supply of a particular security that is being lent out – and borrowing costs.
Chevron achieved a perfect Hazeltree Crowdedness Score of 99 in the Americas large-cap category, signalling a high concentration of short positions. Albemarle Corporation, meanwhile, recorded the highest institutional supply utilisation at 32.67%.
In mid-cap stocks, Bloom Energy Corp also topped the crowdedness list with a score of 99, while MP Materials Group led institutional supply utilisation at 73.87%.
Wolfspeed retained its position as the most crowded small-cap stock, scoring 99 and showing the highest institutional supply utilisation at 66.28%.
LVMH, the French luxury conglomerate, emerged as the most shorted large-cap stock in the EMEA region, with a perfect crowdedness score of 99. H&M recorded the highest institutional supply utilisation at 84.66%, signalling strong short interest.
In the mid-cap category, BE Semiconductor Industries NV led with a crowdedness score of 99, while Nibe Industrier AB had the highest supply utilisation at 66.99%. Among small caps, Siltronic AG topped the list with a crowdedness score of 99, with Salvatore Ferragamo SpA leading in institutional supply utilisation at 52.34%.
Anta Sports Products was the most crowded large-cap stock in the APAC region, with a score of 99, while Aeon Co recorded the highest institutional supply utilisation at 14.78%.
Mid-cap stock Mercari topped both the crowdedness and supply utilisation lists, with a score of 99 and a utilisation rate of 42.45%. In the small-cap category, Amaze Co and Money Forward shared the top crowdedness score of 99, while Paladin Energy led in institutional supply utilisation at 43.75%.
