JPMorgan Chase (JPM) kicked off the Q4 earnings season with mixed results. The stock slid after the banking giant reported investment banking fees that fell 5% year-over-year.
Bank of America (BAC) posted better-than-expected results, sending its shares slightly higher. Meanwhile, Wells Fargo’s (WFC) revenue came in below estimates, with the stock falling after the earnings announcement.
As the earnings season heats up, Seeking Alpha presents a list of financial stocks with strong bearish/bullish investor sentiment based on their short interest.
Short interest is the percentage of shares outstanding that have been sold short but have not yet been covered or closed out. Extremely high short interest shows investors are very pessimistic.
Below are the most- and least-shorted mid- to mega-cap stocks in the financials sector.
Most shorted stocks:
- Upstart Holdings (UPST) – 27.42% of shares outstanding
- Shift4 Payments (FOUR) – 20.65% of shares outstanding
- Lemonade (LMND) – 17.40% of shares outstanding
- Western Union (WU) – 14.26% of shares outstanding
- Flagstar Bank (FLG) – 14.20% of shares outstanding
Least shorted stocks: