Super Micro Computer has replaced Elon Musk’s EV-maker Tesla as the most crowded security in the Americas, a position it has held since May, according to the latest Shortside Crowdedness Report from Hazeltree.
The report also found LVMH and Toyota continued their hold as the top shorted large-cap stocks in their respective regions of EMEA and APAC.
The report is a monthly listing of the top 10 shorted securities in the Americas, EMEA and APAC regions in the large-, mid-, and small-cap ranges. The data comes from Hazeltree’s proprietary securities finance platform data, which tracks approximately 15,000 global equities across the Americas, EMEA and APAC. The data is aggregated and anonymised from the contributing Hazeltree community, which includes approximately 700 asset manager funds.
Tim Smith, managing director of data insights at Hazeltree, commented: “Semiconductor firms appear to be a focus among short sellers right now.
“Last month we saw multiple semiconductor securities in the top 10 list, and this month’s report shows Super Micro Computer and Microchip Technologies maintained staying power in the most crowded shorted securities.”
In the Americas large-cap category, Super Micro Computer topped the list as the most crowded security with a score of 99, moving up from its position in June (82). Tesla, which had been the most crowded security in this category since May, dropped to a score of 94, falling just behind Chevron (97).
In the mid-cap category, Bloom Energy was the most crowded security, with a Hazeltree Crowdedness Score of 99, and also held the highest institutional supply utilisation figure (77.45%).
In the small-cap category, newcomer Winnebago Industries became the most crowded security (99), while silicon battery company Enovix Corp had the highest institutional supply utilisation (90.59%).
In the EMEA large-cap category, luxury goods conglomerate LVMH continued to dominate as the most crowded security (99), maintaining this position since the beginning of the year. H & M Hennes Mauritz had the highest institutional supply utilisation (56.15%).
In the mid-cap category, international heating company Nibe Industrier was the most crowded security (99), rising from a score of 66 in June. It also had the highest institutional supply utilisation (38.61%).
In the small-cap category, newcomer to the list Alphawave IP Group, a semiconductor IP company, was the most crowded security (99). Eutroapi had the highest institutional supply utilization (92.86%).
In the APAC large-cap category, Toyota continued its hold as the most crowded security (99), a position held since February, and Nippon Steel Corp had the highest institutional supply utilisation (34.14%).
In the mid-cap category, Rohm Co was the most crowded security (99). Novatek Microelectronics Corp stood out with the highest institutional supply utilisation (49.86%), while in the small-cap category, Money Forward continued its hold as the most crowded security, with a score of 99. Liontown Resources had the highest institutional supply utilisation (89.48%).
