Trump Media saw the largest increase in short interest in October

seekingalpha
2024-11-20

hyejin kang/iStock via Getty Images

Trump Media & Technology (DJT) and Lucid Group (LCID) saw the largest increases in short interest in October, while Expand Energy Corp. (EXE), and Pilgrim’s Pride (PPC) saw the largest decrease in short interest, according to Goldman Sachs’s Hedge Fund Trend Monitor.

Short interest for single stocks remains below historical averages for most sectors. The median S&P 500 (SP500) stock has short interest equal to 1.8% of their market cap, ranking in the 19th percentile relative to history.

Only consumer staples (XLP) and utilities (XLU) have short interest that is at or above their respective 30-year averages.

The following are the stocks with the largest changes in short interest during the lead-up to the Nov. 8 election. The stocks are gathered from the Russell 3000 (NYSEARCA:IWV) universe with a market cap of over $5B for the largest changes in short interest.

Largest increases in October, as a percentage of float:

  • Trump Media & Technology Group Corp. (DJT) – Change in short interest: 7 percentage points
  • Lucid Group, Inc. (LCID) – Change in short interest: 7 percentage points
  • Agree Realty Corporation (ADC) – Change in short interest: 5 percentage points
  • Celsius Holdings, Inc. (CELH) – Change in short interest: 5 percentage points
  • Madrigal Pharmaceuticals, Inc. (MDGL) – Change in short interest: 4 percentage points
  • DocuSign, Inc. (DOCU) – Change in short interest: 2 percentage points
  • Summit Therapeutics Inc (SMMT) – Change in short interest: 2 percentage points
  • Gap, Inc. (GAP) – Change in short interest: 2 percentage points
  • Whirlpool Corporation (WHR) – Change in short interest: 2 percentage points
  • SiriusXM Holdings Inc. (SIRI) – Change in short interest: 2 percentage points
  • Rivian Automotive, Inc. (RIVN) – Change in short interest: 2 percentage points
  • Amentum Holdings, Inc. (AMTM) – Change in short interest: 2 percentage points
  • Enphase Energy, Inc. (ENPH) – Change in short interest: 2 percentage points
  • Varonis Systems, Inc. (VRNS) – Change in short interest: 2 percentage points
  • Ollie's Bargain Outlet Holdings Inc (OLLI) – Change in short interest: 2 percentage points
  • Old Dominion Freight Line, Inc. (ODFL) – Change in short interest: 2 percentage points
  • Apollo Global Management Inc (APO) – Change in short interest: 1 percentage points
  • Skyworks Solutions, Inc. (SWKS) – Change in short interest: 1 percentage points
  • Humana Inc. (HUM) – Change in short interest: 1 percentage points
  • Amkor Technology, Inc. (AMKR) – Change in short interest: 1 percentage points

Largest decreases in October, as a percentage of float:

  • Expand Energy Corporation (EXE) – Change in short interest: -12 percentage points
  • Pilgrim's Pride Corporation (PPC) – Change in short interest: -4 percentage points
  • California Resources Corp (CRC) – Change in short interest: -4 percentage points
  • Upstart Holdings, Inc. (UPST) – Change in short interest: -4 percentage points
  • Carlyle Group Inc (CG) – Change in short interest: -4 percentage points
  • Natera, Inc. (NTRA) – Change in short interest: -3 percentage points
  • Corcept Therapeutics Incorporated. (CORT) – Change in short interest: -3 percentage points
  • Lineage, Inc. (LINE) – Change in short interest: -3 percentage points
  • Brinker International, Inc. (EAT) – Change in short interest: -3 percentage points
  • Maplebear Inc. (CART) – Change in short interest: -3 percentage points
  • American Airlines Group Inc. (AAL) – Change in short interest: -3 percentage points
  • Ensign Group, Inc. (ENSG) – Change in short interest: -3 percentage points
  • CNX Resources Corporation (CNX) – Change in short interest: -3 percentage points
  • WEX Inc. (WEX) – Change in short interest: -2 percentage points
  • Vertex, Inc. (VERX) – Change in short interest: -2 percentage points
  • Birkenstock Holding plc (BIRK) – Change in short interest: -2 percentage points
  • Sprouts Farmers Market, Inc. (SFM) – Change in short interest: -2 percentage points
  • Moelis & Co. (MC) – Change in short interest: -2 percentage points
  • RBC Bearings Incorporated (RBC) – Change in short interest: -2 percentage points
  • Shift4 Payments, Inc. (FOUR) – Change in short interest: -2 percentage points

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