5 Stocks With Lowest Short Interest

In this piece, we will take a look at the five stocks with lowest short interest. If you want to take a look at why short selling can be entertaining at times, then check out 15 Stocks With Lowest Short Interest.

5. Oracle Corporation (NYSE:ORCL)

Short Interest Percentage: 0.84%

Oracle Corporation (NYSE:ORCL) is one of the biggest technology companies in the world and is known all over for its enterprise computing platform. UBS upgraded the firm’s share rating from Neutral to Buy in late August as it saw significant potential for its ability to benefit from the AI wave.

As of June 2023, 84 out of the 910 hedge funds profiled by Insider Monkey had bought and owned a stake in the company. Oracle Corporation (NYSE:ORCL)’s biggest investor is Jean-Marie Eveillard’s First Eagle Investment Management since it owns $2.2 billion worth of shares.

4. Sempra (NYSE:SRE)

Short Interest Percentage: 0.84%

Sempra (NYSE:SRE) is a utility company with tens of thousands of megawatts of power generation capacity. While other utilities on our list have struggled financially, the firm has beaten analyst EPS estimates in all four of its latest quarters.

By the end of this year’s second quarter, 30 out of the 910 hedge funds covered by Insider Monkey’s research had invested in Sempra (NYSE:SRE). Ken Griffin’s Citadel Investment Group is the company’s biggest investor, owning 1.5 million shares that are worth $223 million.

3. Intercontinental Exchange, Inc. (NYSE:ICE)

Short Interest Percentage: 0.83%

Intercontinental Exchange, Inc. (NYSE:ICE) is a stock exchange company that owns the biggest exchange in the world, the NYSE. More than 90% of its shares are owned by institutional investors, and judging by the short interest, they’re quite optimistic about its prospects too.

During Q2 2023, 62 hedge funds part of Insider Monkey’s research had bought Intercontinental Exchange, Inc. (NYSE:ICE)’s shares. The firm’s biggest hedge fund shareholder is Natxis Global Asset Management’s Harris Associates since it owns 14.5 million shares that are worth $1.6 billion.

2. Honeywell International Inc. (NASDAQ:HON)

Short Interest Percentage: 0.83%

Honeywell International Inc. (NASDAQ:HON) is an industrial products manufacturer and seller. Climbing on the current AI wave, the firm released its AI in Retail survey in August which revealed that 60% of retailers plan to integrate AI into their business processes.

As of June 2023, 61 hedge funds part of Insider Monkey’s database of 910 funds had held a stake in the company. Honeywell International Inc. (NASDAQ:HON)’s largest stakeholder is John Overdeck and David Siegel’s Two Sigma Advisors since it owns $406 million worth of shares.

1. Mercantile Bank Corporation (NASDAQ:MBWM)

Short Interest Percentage: 0.80%

Mercantile Bank Corporation (NASDAQ:MBWM) is a regional bank headquartered in Grand Rapids, Michigan. Despite the turmoil in the regional banking sector this year, the firm has beaten analyst EPS estimates in all four of its latest quarters and its shares are rated Buy on average.

Five out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database have invested in Mercantile Bank Corporation (NASDAQ:MBWM). Out of these, the firm’s largest shareholder is Jim Simons’ Renaissance Technologies through a $14.9 million investment.

Disclosure: None.  You can also take a look at 12 Most Undervalued EV Stocks To Buy According To Hedge Funds and Long Term Returns of Jeff Smith’s Activist Targets.

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