Chevron tops most shorted large-cap stock for second straight month in November, Hazeltree says

Chevron (CVX) retained its spot as the most shorted large-cap stock in the Americas for November, 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 for the second consecutive month. As of Nov. 30, 63.81M shares of Chevron (CVX) were sold short, representing 3.55% of the float.

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

In the mid-cap category, Bloom Energy (BE) was the most crowded security with a score of 99, while Wolfspeed continued its hold as the most crowded security in the small-cap segment.

“It’s notable that Chevron claimed the top spot among Americas large-cap stocks for the second consecutive month, while Tesla remained absent from the top 10,” said Tim Smith, managing director of data insights at Hazeltree. “Energy was in focus in other areas last month as well, with Bloom Energy ranking as the most crowded mid-cap Americas security and Paladin Energy Ltd leading in institutional supply utilization in the APAC small-cap category.”

In the large-cap category, Albemarle (ALB) had the highest institutional supply utilization (32.67%) – an indicator of how “hot” a security is in terms of the supply demand dynamic.

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

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

#2 Live Nation Entertainment (LYV): Hazeltree Crowdedness Score of 94

#3 Boeing (BA): Hazeltree Crowdedness Score of 88

#4 Fiserv (FI): Hazeltree Crowdedness Score of 85

#5 Apple (AAPL): Hazeltree Crowdedness Score of 85

#6 Charter Communications (CHTR): Hazeltree Crowdedness Score of 85

#7 IBM (IBM): Hazeltree Crowdedness Score of 82

#8 Microchip Technology (MCHP): Hazeltree Crowdedness Score of 79

#9 Synopsys (SNPS): Hazeltree Crowdedness Score of 79

#10 Albermarle (ALB): Hazeltree Crowdedness Score of 79