HomeMarket NewsThe Changing Landscape: Exxon Overtakes Tesla as Most Shorted S&P 500 Stock

The Changing Landscape: Exxon Overtakes Tesla as Most Shorted S&P 500 Stock

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According to recent reports by Business Insider, Exxon Mobil (NYSE:XOM) has emerged as the most shorted large-cap stock in the S&P 500, taking over from Tesla (TSLA) which held the position for the previous four months. This information is based on research conducted by HazelTree.

The lineup of large-cap stocks following Exxon (XOM) and Tesla (TSLA) in terms of being most shorted includes Apple (AAPL), Charter Communications (CHTR), Broadcom (AVGO), Rivian Automotive (RIVN), US Bancorp (USB), SNAP (SNAP), Ford (F), and Airbnb (ABNB).

Additionally, the report highlights the three most-shorted names in the mid-cap sector, identified as SOFI Technologies (SOFI), American Airlines (AAL), and Lucid (LCID).

Furthermore, the report also presents a list of top stocks ranked by the percentage of institutional investors’ supply of a particular stock available to be loaned to short sellers, with Rivian (RIVN) taking the lead in this category.

ExxonMobile Posts Record Breaking Quarterly Profit
David McNew/Getty Images News

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