Hazeltree: Short sellers target tech in July
22 August 2025 Global
Image: Pixelcrafts/stock.adobe.com
Short interest in technology stocks has been on rise in the Americas, while a record-high institutional share utilisation was seen in APAC and EMEA, according to the July 2025 Shortside Crowdness Report by Hazeltree.
The report is a monthly ranking of the top 10 most crowded shorted securities in the Americas, EMEA, and APAC regions, categorised into large, mid, and small-cap ranges.
Tim Smith, managing director of data insights at Hazeltree, states: 鈥淪hort sellers have actively returned to tech in the Americas, with Hazeltree data showing an uptick in half of the top 10 names.
鈥淲e were surprised to see the departure of LVHM after three consecutive months in the EMEA large-cap top 10, alongside the emergence of Vestas Wind Systems, which is benefiting from a growing focus on renewable energy.鈥�
In APAC, Smith notes an 鈥渦nprecedented tilt towards Chinese-based companies across small, mid, and large-cap categories 鈥� a shift from the historical dominance of Japanese names鈥�.
For July, the report highlights that in the Americas, Live Nation Entertainment was the most crowded security in the large-cap category, claiming back the top spot from Chevron.
Super Micro Computer came in second place regarding crowded security while holding the highest institutional supply utilisation figure for the eighth consecutive month.
Additionally, EchoStar Corporation was the most crowded security in the mid-cap range for the second month, while The Campbell鈥檚 Company held the highest institutional supply utilisation figure for the first time in 2025.
Grocery Outlet Holding, Cipher Mining, and Hertz Global Holdings took the top spots in the small-cap category.
In the EMEA region, Pernod Ricard displaced Kering and LVMH Mo毛t Hennesy from the top spot in the large-cap category, while Phoenix Group Holdings was top of the mid-cap range.
WH Smith was the most crowded small-cap category for the second time this year in EMEA.
The report also highlights that in APAC鈥檚 large-cap category, Oriental Land was on top for the second month and third time this year, overtaking ANTA Sports Products.
In APAC鈥檚 mid-cap range, Nagoya Railroad, Nissin Foods Holdings, J. Front Retailing, WuXi AppTech, and Tokyo Metro took the number one spot from Ibiden after two consecutive months.
In the small-cap category, Sanken Electric and Luye Pharma Group were the most crowded securities.
Companies are awarded a Hazeltree Crowdedness Score, a metric between 1 and 99 to represent the security that the highest percentage of funds are shorting.
The report is a monthly ranking of the top 10 most crowded shorted securities in the Americas, EMEA, and APAC regions, categorised into large, mid, and small-cap ranges.
Tim Smith, managing director of data insights at Hazeltree, states: 鈥淪hort sellers have actively returned to tech in the Americas, with Hazeltree data showing an uptick in half of the top 10 names.
鈥淲e were surprised to see the departure of LVHM after three consecutive months in the EMEA large-cap top 10, alongside the emergence of Vestas Wind Systems, which is benefiting from a growing focus on renewable energy.鈥�
In APAC, Smith notes an 鈥渦nprecedented tilt towards Chinese-based companies across small, mid, and large-cap categories 鈥� a shift from the historical dominance of Japanese names鈥�.
For July, the report highlights that in the Americas, Live Nation Entertainment was the most crowded security in the large-cap category, claiming back the top spot from Chevron.
Super Micro Computer came in second place regarding crowded security while holding the highest institutional supply utilisation figure for the eighth consecutive month.
Additionally, EchoStar Corporation was the most crowded security in the mid-cap range for the second month, while The Campbell鈥檚 Company held the highest institutional supply utilisation figure for the first time in 2025.
Grocery Outlet Holding, Cipher Mining, and Hertz Global Holdings took the top spots in the small-cap category.
In the EMEA region, Pernod Ricard displaced Kering and LVMH Mo毛t Hennesy from the top spot in the large-cap category, while Phoenix Group Holdings was top of the mid-cap range.
WH Smith was the most crowded small-cap category for the second time this year in EMEA.
The report also highlights that in APAC鈥檚 large-cap category, Oriental Land was on top for the second month and third time this year, overtaking ANTA Sports Products.
In APAC鈥檚 mid-cap range, Nagoya Railroad, Nissin Foods Holdings, J. Front Retailing, WuXi AppTech, and Tokyo Metro took the number one spot from Ibiden after two consecutive months.
In the small-cap category, Sanken Electric and Luye Pharma Group were the most crowded securities.
Companies are awarded a Hazeltree Crowdedness Score, a metric between 1 and 99 to represent the security that the highest percentage of funds are shorting.
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