NIKE Inc (NKE) short interest is $769.5 million; 9.07 million shares shorted; 0.73% of float; stock borrow cost is 30 bps fee (general collateral). NKE is the largest short in the worldwide Footwear Sector.
Jack in the Box Inc (JACK) short interest is $222 million; 2.76 million shares shorted; 11.03% of float; stock borrow cost is 30 bps fee (general collateral).
JACK shares shorted are up 262k, +10.48%, in 2019, but recent activity has reversed the year long trend with shares shorted decreasing in February by 50k, -1.76%, and over 100k last Friday. We are seeing additional short covering today as the stock rebounds from a recent low of $79.61/share on the 14th.
Short covering in Mattel Inc (MAT) continues today, following a year-long trend where shares shorted decreased by 6.3 million shares, -10.13%, in 2019 and -3.6 million shares, -6.06%, in February.
Mattel short interest is $771 million; 55.78 million shares shorted; 16.29% of float; stock borrow cost is 30 bps fee (general collateral.)
Hanesbrands Inc (HBI) short interest is $663 million; 35.45 million shares shorted; 9.94% short interest % of float; 0.30% stock borrow fee (general collateral.) HBI is the second largest short in the U.S. Apparel, Accessories & Luxury Goods Sector.
Carvana Co short interest is $718 million; 20.46 million shares shorted; 56.95% of its float; stock borrow cost on existing shorts is 2.15% fee and new stock borrows at 3.00% fee.
Weāre seeing strong short selling yesterday and today and shares shorted is up 2.1 million shares for the year, +11.5%.
Microchip Technology Inc (MCHP) short interest is $3.34 billion; 37.94 million shares shorted; 16.40% of float; stock borrow is 2.09% bp fee. MCHP is the second most shorted stock in the worldwide Semiconductor Sector behind Intel (INTC) at $3.44 billion.
- Consumer DiscretionaryCorporateS3 ResearchStarbucks
The former CEO of Starbucks Corp, Howard Schultz, declared the possibility of a presidential run as an Independent in a recent 60 Minutes interview which drew the ire of Democrats who fear he would cannibalize votes from their ticket. Schultz was recently heckled at a New York City book event; coffee drinkers began threatening to boycott Starbucks and baristas are considering taking off their aprons, putting down their tamps and walking away from their steam wands. But even with all this commotion, SBUX stock managed to gain 1.14% over the last week.
Starbucks short interest is $2.45 billion; 36.59 million shares short; 3.04% of float; stock borrow is General Collateral (30 bp fee). SBUX is the most shorted stock in the Restaurant Sector, followed by Chipotle Mexican Grill (CMG) and McDonalds (MCD). With former Starbucks CEO, Howard Schultz, announcing a potential presidential run in 2020 as an independent and possibly splitting the Democratic anti-Trump voting block there have been calls for a retaliatory boycott of Starbucks.