Trump Media saw the largest increase in short interest in October
seekingalpha
20 Nov 2024
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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
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