Chevron, Super Micro Computer top list of most shorted large-cap stocks in October, Hazeltree says

Chevron (NYSE:CVX) was the most shorted large-cap stock in the Americas in October, according to the latest Shortside Crowdedness Report from Hazeltree.

The San Ramon, California-based energy company topped the list with a Hazeltree Crowdedness Score of 99, moving up from the fourth position in September. It last ranked at the top in August.

The Hazeltree Crowdedness Score represents securities that are being shorted by the highest percentage of funds in Hazeltree’s community.

As of October 31, 58.86M shares of Chevron (CVX) were sold short, representing 3.3% of the float.

Super Micro Computer (NASDAQ:SMCI) was a close second with a score of 94, followed by Boeing (BA) and Texas Instruments (TXN) with 86 each and Fiserv (FI) with 80.

Super Micro also had the highest institutional supply utilization (42.78%) – an indicator of how “hot” a security is in terms of the supply demand dynamic.

Tesla (TSLA), which was the most heavily shorted stock the previous month, was absent from the top 10 among large-cap stocks in the Americas for the first time since Hazeltree launched the report 18 months ago.

These were the top 10 most shorted securities in the Americas in October, according to Hazeltree:

#1 Chevron (CVX): Hazeltree Crowdedness Score of 99

#2 Super Micro Computer (SMCI): Hazeltree Crowdedness Score of 94

#3 Boeing (BA): Hazeltree Crowdedness Score of 86

#4 Texas Instruments (TXN): Hazeltree Crowdedness Score of 86

#5 Fiserv (FI): Hazeltree Crowdedness Score of 80

#6 IBM (IBM): Hazeltree Crowdedness Score of 80

#7 Live Nation Entertainment (LYV): Hazeltree Crowdedness Score of 77

#8 Charter Communications (CHTR): Hazeltree Crowdedness Score of 77

#9 On Semiconductor (ON): Hazeltree Crowdedness Score of 74

#10 Vertex Pharmaceuticals (VRTX): Hazeltree Crowdedness Score of 74