The 50 Stocks Hedge Funds Are Shorting Like Crazy

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Goldman Sachs' 'Hedge Fund Trend Monitor' report is out, and as usual it includes a list of the 50 stocks most shorted by hedge funds.

The stocks listed are "not based on 13-F holdings", nor is this a "basket of stocks most held short", according to the report.

When compared with the median S&P 500 company, the median stock has a higher value of short interest. However, it has "similar" short interest as a percent of float-adjusted shares.

The top five stocks are AT&T, IBM, Intel, Exxon Mobil, and Caterpillar.

AT&T

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Sector: Integrated Telecommunication Services

Value of short interest (in billions): $7.0

Short interest as a % of Float cap: 4%

Number of funds with stock as Top 10 holding: 4

Average portfolio weight when stock ranks among Top 10 holdings: 4%

Recent news: AT&T is planning on offering the HTC One M8 for Windows soon, although prices are undisclosed.

Source: Goldman Sachs

IBM

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Sector: IT Consulting & Other services

Value of short interest (in billions): $5.2

Short interest as a % of Float cap: 3% 

Number of funds with stock as Top 10 holding: 6

Average portfolio weight when stock ranks among Top 10 holdings: 6%

Recent news: IBM and Apple recently announced a partnership.

Source: Goldman Sachs

Intel Corp.

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Sector: Semiconductors

Value of short interest (in billions): $4.6

Short interest as a % of Float cap: 3% 

Number of funds with stock as Top 10 holding: 13

Average portfolio weight when stock ranks among Top 10 holdings: 5%

Recent news: Intel recently acquired Avago's network chip group.

Source: Goldman Sachs