4 Tech Stocks With Short Interest Worth Watching (AAPL, GRPN, TSLA, YHOO)

stock short interest

Recent short interest data for the 6/30/2016 settlement date shows a decrease in short interest for shares of Apple Inc. (AAPL). As of June 30, the short interest for the iPhone maker totaled 53.9 million shares, as compared to 62.9 million shares since June 15, a decline of 14.3 percent. Average daily volume [AVM] for the same period rose by 12.4 million to 41.7 million shares from 29.3 million shares. It is worth mentioning that Apple’s short interest has declined by more than 45.7 million shares, or about 46 percent, from the 5/31/2016 settlement date.

Based on the latest AVM, the days-to-cover ratio – a metric that includes both the total shares short and the average daily volume of shares traded – is currently 1.29 days. Days-to-cover for Apple stock decreased to 1.29 for the June 30 settlement date, as compared to 2.15 days at the June 15 report.

AAPL has a beta of 1.43. Around 2 percent of the company’s shares are short sold.

In the past 52 weeks, shares of Cupertino, California-based tech giant have traded between a low of $89.47 and a high of $132.97 and are now at $97.54.

Shares are down 20.89% year-over-year, and 6.38% since Jan. 1.

The short interest in Yahoo! Inc. (YHOO) for the period that ended June 30 was 35.4 million shares, a decline of 2 percent from the June 15 settlement date of 36.3 million shares. Average daily volume for the same period fell by 1.4 million shares to 11.2 million shares.

Yahoo’s short interest has declined by more than 30 million shares, or 46 percent, from the 2/12/2016 settlement date.

YHOO recently traded at $37.70, a loss of $0.18 over Tuesday’s closing price. The name has a current market capitalization of $35.85 billion.

The most recent short interest data has been released for the 6/30/2016 settlement date, which shows an increase in short interest for shares of Tesla Motors Inc (TSLA). The short interest for the electric car maker totaled 30.9 million shares, a jump of 8% when compared to 28.6 million shares since June 15, 2016. That’s more than 32 percent of the float, a signal that investors remain anxious about the company’s prospects.

Tesla has a beta of 0.78 and a short ratio of 6.85. The stock has advanced 2.68% in the last 4 weeks, while declining 9.35% in the past three months. Over the past 5 trading sessions the name has gained 4.99%. Tesla’s low in its 52-week range is $141.05 per share, with $286.65 as the 52-week high. Shares are down 14.31% year-over-year, and 6.40% year-to-date. TSLA last traded at $22.87 a share.

In other Tesla news this morning, Palo Alto, California-based company has revealed that it is introducing a new, shorter-range Model X that costs $6,000 less than the original version. The new 60D, which starts at $74K, has a 200-mile range, a top speed of 130 miles per hour [mph], and it can go from 0 to 60 mph in six seconds.

Separately, the National Highway Traffic Safety Administration [NHTSA] has requested data from Tesla Motors on all crashes involving its Autopilot system. Federal safety investigators are also asking why Tesla’s semi-autonomous function failed to detect an 18-wheeler truck that crossed its path in a May 7 Florida crash that killed 40-year-old Joshua Brown. Tesla is also being investigated by the U.S. Securities and Exchange Commission inquiring into whether the electric car maker has violated securities laws by not informing investors about the May 7 fatal crash.

The reported SEC investigation, which could have serious implications for the auto industry and its advancement toward self-driving vehicles, is the latest in a string of worrisome developments for Tesla as a company and its autopilot technology which continues to draw intense scrutiny in the media.

NHTSA, in a letter to Tesla posted Tuesday, gave the company until August 26 to fully comply with its request. The agency said that the information request is a routine step in an investigation into the crash. If the NHTSA probe finds irregularities with Tesla’s system which uses cameras, radar and computers to detect objects and automatically brake its vehicles, the agency could seek a recall.

Short interest in Groupon Inc (GRPN) jumped 11 percent to 29.7 million shares for the period that ended June 30. Average daily volume for the same period rose by 2.3 million shares to 6.8 million shares. The name’s short interest has declined by more than 26 million shares, or 46 percent, from the 1/29/2016 settlement date.

Groupon Inc. is down 31.37% year-over-year, compared with a 2.50 percent gain in the S&P 500. The stock closed last trading session flat at $3.50, with a volume of 4.2 million shares against a daily 3-month average volume of 7.7 million.

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