CoreWeave (NASDAQ: CRWV) has the largest short interest among US stocks trading more than one million shares a day, at 21.25% of float in FINRA’s report dated the 15th of October. It also posted the biggest rise of the ten, while Skydance has no previous figure.
Short interest is the number of shares sold short and not yet bought back; percent of float expresses it against freely tradable shares. Days to cover is short interest divided by average daily volume. The figures are a snapshot as of the 15th of October, not current positions, and changes are measured against FINRA’s report of the 30th of September.
In this article
- 1. CoreWeave: 21.25%
- 2. Nebius Group: 20.83%
- 3. Norwegian Cruise Line: 19.60%
- 4. EchoStar: 17.83%
- 5. Lululemon Athletica: 15.99%
- 6. Skydance: 15.99%
- 7. Live Nation Entertainment: 15.39%
- 8. Reddit: 15.36%
- 9. Kimberly-Clark: 15.27%
- 10. Charter Communications: 15.13%
- How to read the numbers
The top 10 most shorted US stocks
| Rank | Company | Short interest (% of float) | Previous report | Change (pp) | Days to cover |
|---|---|---|---|---|---|
| 1 | CoreWeave | 21.25 | 18.26 | +2.99 | 1.67 |
| 2 | Nebius Group | 20.83 | 19.54 | +1.29 | 2.41 |
| 3 | Norwegian Cruise Line | 19.60 | 21.26 | -1.66 | 4.20 |
| 4 | EchoStar | 17.83 | 18.56 | -0.73 | 5.35 |
| 5 | Lululemon Athletica | 15.99 | 15.12 | +0.87 | 3.72 |
| 6 | Skydance | 15.99 | No data | No data | 3.53 |
| 7 | Live Nation Entertainment | 15.39 | 15.19 | +0.20 | 12.70 |
| 8 | 15.36 | 15.72 | -0.36 | 5.14 | |
| 9 | Kimberly-Clark | 15.27 | 16.05 | -0.78 | 10.17 |
| 10 | Charter Communications | 15.13 | 14.33 | +0.80 | 5.86 |
CoreWeave posted the biggest increase, while Norwegian Cruise Line recorded the biggest fall.
1. CoreWeave: 21.25%
CoreWeave is the largest position in the list, up 2.99 percentage points from 18.26% on the 30th of September, the biggest rise among the ten. The technology company has a market value of about $30 billion, and 69,779,354 shares were sold short. It reports results on the 9th of November. Across the sector, investors betting against US neocloud and data centre companies have booked about $6 billion in paper profits this month, on fears over debt-fuelled expansion.
2. Nebius Group: 20.83%
Nebius rose 1.29 percentage points from 19.54%. The communication services company is valued at about $43 billion and reports on the 10th of November.
3. Norwegian Cruise Line: 19.60%
Norwegian Cruise Line fell 1.66 percentage points from 21.26%, the biggest drop in the list. The consumer cyclical company is worth about $6.9 billion. Shares fell after an analyst downgrade ahead of earnings. Analysts expect third-quarter earnings of $0.91 a share, down 24.2% on a year earlier, on revenue of $2.87 billion, down 2.2%. Results are due on Thursday.
4. EchoStar: 17.83%
EchoStar eased 0.73 percentage points from 18.56%. The communication services company is valued at about $26 billion and reports on the 5th of November.
5. Lululemon Athletica: 15.99%
Lululemon rose 0.87 percentage points from 15.12%. The consumer cyclical company is worth about $11 billion and reports on the 10th of December.
6. Skydance: 15.99%
Skydance has no previous figure to compare with. The communication services company is valued at about $39 billion, and 145,864,796 shares were sold short, the most of any name in the list. It reports on the 9th of November.
7. Live Nation Entertainment: 15.39%
Live Nation rose 0.20 percentage points from 15.19%, the smallest rise in the list. The communication services company is valued at about $40 billion, and its days to cover of 12.70 is the highest of the ten. It reports on the 5th of November.
8. Reddit: 15.36%
Reddit (NYSE: RDDT) slipped 0.36 percentage points from 15.72%. The communication services company is worth about $28 billion and reports on Thursday.
9. Kimberly-Clark: 15.27%
Kimberly-Clark fell 0.78 percentage points from 16.05%. The consumer defensive company is valued at about $37 billion and reports on the 5th of November.
10. Charter Communications: 15.13%
Charter rose 0.80 percentage points from 14.33%. The communication services company is worth about $14 billion and reports on the 6th of November.
How to read the numbers
FINRA publishes short interest, shown here as a percentage of float, for US stocks averaging more than one million shares a day. Change is in percentage points against FINRA’s report of the 30th of September. High short interest describes positioning; it does not predict direction.