Intel Corp. (INTC) stock spiked 6.7% in trading today after trouncing 3rd quarter earnings expectations. Intel’s pivot away from the PC-centric operation to focus on data centers and its memory businesses helped achieve record earnings per share of $0.94 during the third quarter. Earnings beats from other bellwethers helped the S&P 500 hit another record high today (up 0.75% today). Intel short sellers have not been as fortunate. Bearish investors are down $367 million in mark-to-market profits today alone.
Short interest remains just off record highs for Intel, at 128.8 million shares and $5.6 billion dollars at risk. S3 Partners calculates the short interest of top 5 shorts of the S&P 500 to be at $28.4 billion dollars at risk. Losses on these 5 are a staggering $5.7 billion on a mark-to market basis.
| Top 5 Shorts
In the S&P 500 (in $ millions) |
Ticker | Short
Interest 10/27/17 $ |
MTD Change
In Short Interest $ |
YTD
MTM P/L $ |
YTD Stock
Performance % |
| AT&T | T | $6,134.2 | -$1,377.1 | +$1,327.8 | -20.2% |
| Amazon | AMZN | $6,014.5 | -$85.2 | -$2,011.5 | +47.3% |
| Intel | INTC | $5,692.2 | +$1,288.1 | -$998.4 | +21.9% |
| Netflix | NFLX | $5,573.5 | +$757.1 | -$2,059.4 | +61.6% |
| Apple | AAPL | $5,065.8 | -$804.2 | -$1,987.5 | +40.0% |
| $28,480.2 | -$5,729.0 |
Want deeper insight into the above analysis?
Contact: Brett.Weiss@S3Partners.net
Director, S3 Partners
For more information on S3’s reporting, data and analytics solutions, email us at sales@s3partners.net
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The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks and merits, as well as the legal, tax, accounting and investment consequences, of such decisions.
