Tesla, Ford and Wayfair among the top shorted stocks in 2023
19 January 2024 US
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Hazeltree, a treasury and liquidity management platform, has released a list of the top shorted securities by hedge funds in 2023.
The data sourced in this report comes from Hazeltree’s securities finance platform and covers approximately 15,000 global equities across the Americas, EMEA and APAC
In EMEA, Germany-headquartered healthcare services firm Siemens Healthineers, property group Fastighets AB and French stock manufacturer Alstom were among the top five most shorted securities.
Notably, 2023’s most shorted EMEA securities were almost a completely new list from the year prior, says Hazletree.
In the US, Texas-based automotive and clean energy firm Tesla, Michigan-based car manufacturer Ford and online retailer Wayfair topped the Americas large-cap list for most shorted stocks. All three stocks also appeared as the most shorted stocks in 2022.
In APAC, 2023’s most shorted securities featured a completely new list across the large-cap category compared to 2022, with the Commonwealth Bank of Australia noted as the most shorted in this category.
Commenting on the results, Tim Smith, managing director of data insights at Hazeltree, says: “High inflation and interest rates could be behind short sellers’ focus on consumer cyclical stocks.
“It was no surprise to see Tesla top the list of most shorted stocks in 2023 after seeing it lead the pack in our monthly Shortside Reports.”
The data sourced in this report comes from Hazeltree’s securities finance platform and covers approximately 15,000 global equities across the Americas, EMEA and APAC
In EMEA, Germany-headquartered healthcare services firm Siemens Healthineers, property group Fastighets AB and French stock manufacturer Alstom were among the top five most shorted securities.
Notably, 2023’s most shorted EMEA securities were almost a completely new list from the year prior, says Hazletree.
In the US, Texas-based automotive and clean energy firm Tesla, Michigan-based car manufacturer Ford and online retailer Wayfair topped the Americas large-cap list for most shorted stocks. All three stocks also appeared as the most shorted stocks in 2022.
In APAC, 2023’s most shorted securities featured a completely new list across the large-cap category compared to 2022, with the Commonwealth Bank of Australia noted as the most shorted in this category.
Commenting on the results, Tim Smith, managing director of data insights at Hazeltree, says: “High inflation and interest rates could be behind short sellers’ focus on consumer cyclical stocks.
“It was no surprise to see Tesla top the list of most shorted stocks in 2023 after seeing it lead the pack in our monthly Shortside Reports.”
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