Medtronic’s short interest fell 9.09 percentage points to 1.8% of float in FINRA’s report for the 30th of October, the largest drop among the ten US stocks listed. The list compares that report with the previous one, for the 15th of October, and covers US stocks with average daily volume above one million shares.
In this article
- 1. Medtronic: 1.8%
- 2. Lululemon Athletica: 13.7%
- 3. United Airlines: 2.66%
- 4. Norwegian Cruise Line: 18.14%
- 5. Thomson Reuters: 8.82%
- 6. Cognizant Technology Solutions: 5.2%
- 7. Keurig Dr Pepper: 4.86%
- 8. Arm Holdings: 11.04%
- 9. Tractor Supply Company: 7.64%
- 10. Hasbro: 4.55%
- How to read the numbers
The 10 biggest falls in US short interest
| Rank | Company | Short interest (% of float) | Previous report | Change (pp) | Days to cover |
|---|---|---|---|---|---|
| 1 | Medtronic | 1.8% | 10.89% | -9.09 | 1.86 |
| 2 | Lululemon Athletica | 13.7% | 15.99% | -2.29 | 3.82 |
| 3 | United Airlines | 2.66% | 4.18% | -1.52 | 1.58 |
| 4 | Norwegian Cruise Line | 18.14% | 19.59% | -1.45 | 3.54 |
| 5 | Thomson Reuters | 8.82% | 10.2% | -1.38 | 5.95 |
| 6 | Cognizant Technology Solutions | 5.2% | 6.58% | -1.38 | 3.34 |
| 7 | Keurig Dr Pepper | 4.86% | 6.21% | -1.35 | 4.16 |
| 8 | Arm Holdings | 11.04% | 12.39% | -1.35 | 3.33 |
| 9 | Tractor Supply Company | 7.64% | 8.98% | -1.34 | 2.27 |
| 10 | Hasbro | 4.55% | 5.75% | -1.2 | 1.87 |
Medtronic’s drop is almost four times the size of the next, Lululemon Athletica’s, while ranks three to ten sit between 1.2 and 1.52 points. Norwegian Cruise Line still carries the largest position of the ten at 18.14% of float.
1. Medtronic: 1.8%
Short interest in Medtronic, a medical devices company, was 22,952,253 shares, or 1.8% of float, against 139,004,337 shares and 10.89% in the previous report. That is a fall of 9.09 points and the largest in the list, with days to cover at 1.86. The company has a market value of about $130 billion and is due to report results on the 24th of November.
2. Lululemon Athletica: 13.7%
Lululemon Athletica, an apparel retailer, saw short interest fall 2.29 points to 13.7% of float from 15.99%, or 13,932,990 shares, with days to cover at 3.82. Its market value is about $12.8 billion and results are due on the 10th of December. The company has named Ben Hallam as Chief Brand Officer and Emily Sunderland as Chief Strategy Officer.
3. United Airlines: 2.66%
United Airlines, an airline, recorded short interest of 2.66% of float, down 1.52 points from 4.18%, equal to 8,590,345 shares. Days to cover were 1.58 and its market value is about $36.6 billion. United has opened Concourse E at Washington Dulles International Airport.
4. Norwegian Cruise Line: 18.14%
Norwegian Cruise Line, in travel services, had 82,633,930 shares sold short, or 18.14% of float, down 1.45 points from 19.59%. That is the highest share of float among the ten. Days to cover were 3.54 and its market value is about $8.2 billion.
5. Thomson Reuters: 8.82%
Short interest in Thomson Reuters, a specialty business services company, fell 1.38 points to 8.82% of float from 10.2%, or 11,096,695 shares. Its days to cover of 5.95 are the longest in the list. Its market value is about $48.8 billion.
6. Cognizant Technology Solutions: 5.2%
Cognizant, an information technology services company, saw short interest fall 1.38 points to 5.2% of float from 6.58%, equal to 23,180,899 shares. Days to cover were 3.34 and its market value is about $28.9 billion.
7. Keurig Dr Pepper: 4.86%
Keurig Dr Pepper, a non-alcoholic beverages company, recorded short interest of 4.86% of float, down 1.35 points from 6.21%, or 65,831,866 shares. Days to cover were 4.16 and its market value is about $49.9 billion.
8. Arm Holdings: 11.04%
Arm Holdings (NASDAQ: ARM), a semiconductors company, saw short interest fall 1.35 points to 11.04% of float from 12.39%, or 15,769,527 shares. Days to cover were 3.33 and its market value is about $186.8 billion. It last appeared on the list on the 23rd of September.
9. Tractor Supply Company: 7.64%
Tractor Supply Company, a specialty retailer, had short interest of 7.64% of float, down 1.34 points from 8.98%, equal to 39,470,901 shares. Days to cover were 2.27 and its market value is about $18.9 billion.
10. Hasbro: 4.55%
Hasbro, in leisure, recorded the smallest fall of the ten, 1.2 points to 4.55% of float from 5.75%, or 6,329,318 shares. Days to cover were 1.87 and its market value is about $16.6 billion.
How to read the numbers
Short interest is FINRA’s count of shares sold short, shown as a percentage of float. Change is in percentage points against the previous report, for the 15th of October. High or low short interest describes positioning; it does not predict direction.