Chevron was the most crowded security in the Americas in August, according to the latest Shortside Crowdedness Report from Hazeltree, a provider of active treasury and intelligent operations technology for the alternative asset industry.
The report is a monthly listing of the top 10 shorted securities in the Americas, EMEA, and APAC regions in the large-, mid-, and small-cap ranges.
The data comes from Hazeltree’s proprietary securities finance platform data, which tracks approximately 15,000 global equities across the Americas, EMEA, and APAC. The data is aggregated and anonymised from the contributing Hazeltree community, which includes approximately 700 asset manager funds.
Highlights from the August 2024 report include:
Americas
In the large-cap category, Chevron Corp topped the list as the most crowded security with a score of 99. Tesla was a close second with a Hazeltree Crowdedness Score of 97. Super Micro Computer had the highest institutional supply utilisation (31.86%).
In the mid-cap category, American Airlines was the most crowded security with a Hazeltree Crowdedness Score of 99. Bloom Energy held the highest institutional supply utilisation figure (81.76%).
In the small-cap category, Wolfspeed and SolarEdge Technologies tied for the most crowded security, each with a score of 99, while Plug Power had the highest institutional supply utilisation (89.45%).
EMEA
In the large-cap category, luxury goods conglomerate LVMH continued to dominate as the most crowded security (99), maintaining this position since the beginning of the year. H & M Hennes Mauritz AB had the highest institutional supply utilisation (58.92%).
In the mid-cap category, Alstom was the most crowded security (99), rising from a score of 94 in July. Hugo Boss had the highest institutional supply utilisation (51.80%).
In the small-cap category, Wizz Air Holdings and Alphawave IP Group were tied for the most crowded security, both scoring 99. Pharming Group NV led in institutional supply utilization at 84.82%, just ahead of Basic-Fit NV’s 84.11%.
APAC
In the large-cap category, Mitsubishi Heavy Industries was the most crowded security (99), taking the top spot from Toyota. Toyota had held this position since February but has now dropped out of the Shortside Crowdedness report. Nippon Steel Corp had the highest institutional supply utilization (36.38%).
In the mid-cap category, Rohm Co. and Pilbara Minerals were tied for the most crowded security (99). Pilbara Minerals had the highest institutional supply utilization (71.17%).
In the small-cap category, Paladin Energy was the most crowded security, with a score of 99. JMDC had the highest institutional supply utilisation (35.87%).
