Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date October 31, 2024

Overview of Open Short Interest Positions

The Nasdaq Stock Market ("Nasdaq") is a stock exchange that lists and trades a wide variety of stocks, including those of technology and biotechnology companies. Nasdaq has recently announced the end-of-month open short interest positions in Nasdaq stocks as of the settlement date October 31, 2024. Open short interest is the number of shares of a company's stock that have been sold short but not yet repurchased. A high level of short interest can be an indication that investors believe a stock's price is going to fall. According to a recent report by Nasdaq, the total open short interest in Nasdaq stocks as of October 31, 2024, was 1.2 billion shares, or approximately 2.6% of the total shares outstanding.

Top 10 Stocks with the Highest Short Interest

The following are the top 10 Nasdaq stocks with the highest open short interest as of October 31, 2024:

1. Apple Inc. (AAPL)
2. Microsoft Corporation (MSFT)
3. Amazon.com, Inc. (AMZN)
4. Alphabet Inc. (GOOGL)
5. Tesla, Inc. (TSLA)
6. Nvidia Corporation (NVDA)
7. Meta Platforms, Inc. (META)
8. Qualcomm Incorporated (QCOM)
9. Broadcom Inc. (AVGO)
10. Intel Corporation (INTC)

Implications for Investors

The high level of short interest in some of these stocks could be a sign that investors are betting against their future performance. However, it is important to note that short interest is not always a reliable indicator of a stock's future price movement. In fact, some investors believe that a high level of short interest can actually be a positive sign, as it can create buying pressure when short sellers are forced to cover their positions. Ultimately, the decision of whether or not to invest in a stock with a high level of short interest is a complex one that should be made on a case-by-case basis.

Conclusion

The Nasdaq Stock Market is one of the world's leading stock exchanges, and its end-of-month open short interest positions can provide valuable insights into investor sentiment. The high level of short interest in some of the top Nasdaq stocks could be a sign that investors are betting against their future performance. However, it is important to note that short interest is not always a reliable indicator of a stock's future price movement. Investors should carefully consider all of the available information before making investment decisions.