Tesla (NASDAQ: TeslaThe company returned to being the most shorted large-cap U.S. stock in May, according to a monthly report from the data and technology firm on Tuesday. Hazel.
The electric-vehicle maker earned a 99 on the Hazeltree Crowd Score, which represents securities. Being shorted by the funds with the highest proportion in the Hazeltree community.
Tesla (TSLA) stock price has fallen more than 30% So far this year, it comes amid slowing demand and intensifying competition in the EV market. All of the company’s key metrics fell sharply, including negative revenue growth and worsening free cash flow.
Tesla (TSLA) replaces oil giant Chevron (NYSE: CVX), this time becoming the third most crowded security check (97). After a strong performance in late 2021 and early 2022, Chevron (CVX) stock has performed relatively poorly over the past 12 months, underperforming the broader S&P 500 (SP500) index.
Last month, several semiconductor companies including Microchip Technology (MCHP), Advanced Micro Devices (AMD) and Synopsys (SNPS) were among the most crowded large-cap stocks in the Americas.
Charter Communications (CHTR) has the highest Institutional Supply Utilization ratio at 20.73%, a metric that shows how “hot” a security is relative to supply and demand dynamics.
Statistically, these were the most shorted securities in the Americas in May. Hazel:
#1 Tesla (TSLA): Hazeltree Crowd Score 99
#2 Microchip Technology (MCHP): Hazeltree Crowd Score of 97
#3 Chevron (CVX): Hazeltree Congestion Score 97
#4 Advanced Micro Devices (AMD): Hazeltree Crowd Score 82
#5 Charter Communications (CHTR): Hazeltree Congestion Score 82
#6 Halliburton (HAL): Hazeltree Crowd Score 79
#7 T-Mobile US (TMUS): Hazeltree Crowd Score 79
#8 Synopsys (SNPS): Hazeltree Crowd Score 79
#9 Walt Disney (DIS): Hazeltree Crowd Score 79
#10 EQT Corp (EQT): Hazeltree Crowd Score 76
