Best And Worst Short Ideas Of The Week

Last week was a decent week for short sellers, with the S&P 500 falling 0.3%. Some shorts performed better than others, while some short sellers got burned badly.

S3 Partners analyst Ihor Dusaniwsky said Friday that U.S. equity short sellers profited $12.96 billion overall last week.

Best Shorts

Tesla Inc TSLA was the biggest winner for short sellers last week after the stock dropped 4.4% following a disappointing third-quarter delivery number. Tesla has the highest short interest of any U.S. equity at $9.38 billion, so it’s easy to see how a disappointing week for Tesla could be a big win for short sellers.

Here’s a look at the best shorts from last week, sorted by net profits for the week.

Tesla, +$347.8 million.
Snap Inc SNAP, +$187.4 million.
Wayfair Inc W, +$131.5 million.
Exxon Mobil Corporation XOM, +$131.3 million.
JPMorgan Chase & Co. JPM, +$128.7 million.
Bank of America Corp BAC, +$126.2 million.
Simon Property Group Inc SPG, +$105.9 million.
Chevron Corporation CVX, +$103.9 million.

Worst Shorts

While short sellers had a great week overall, a handful of shorts got hit hard by stocks that had big pops on the week. Okta Inc OKTA short sellers took a beating, with the stock gaining 17.7% on the week thanks to an upgrade from SunTrust.

Here’s a look at the worst shorts from last week, sorted by net losses for the week.