Main US indexes dip; Dow off ~0.4%
Consumer discretionary leads sector gains, energy leads losers
Euro STOXX 600 index up ~0.1%
Dollar up slightly; gold rises; crude, bitcoin both down >1%
US 10-Year Treasury yield ~flat at ~4.19%
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CRYPTO MINER MARA, PARAMOUNT TOP THE HIGHLY-SHORTED CHARTS
Bitcoin miner MARA Holdings MARA.O is the most shorted stock in the United States as of August according to data from S&P Global Market Intelligence, topping the list which also houses companies like Paramount Global PARA.O and GameStop GME.N.
Short interest on MARA's outstanding stock stood at nearly 33% as of August 1, with more than 121 million shares currently on loan as per S&P Global Market Intelligence calculations.
MARA's stock has fallen 7.3% so far this year, lagging rivals Riot Platforms RIOT.O and Hut 8 Mining HUT.O.
Paramount Global, which is set to merge with Skydance Media in a $8.4 billion deal, is the second most shorted stock with short interest standing at a towering 27.1%.
Also featuring in the top 10 was AI-server maker Super Micro Computer SMCI.O with short interest standing at nearly 15%. The company with a market capitalization of about $35 billion is set to report fourth quarter earnings after markets close on Tuesday.
Video-game retailer GameStop - the star of the 2021 meme stock frenzy where amateur investors piled into the highly shorted stock - still remains one of the most heavily shorted stocks with a short interest of almost 17%.
S&P Global Market Intelligence focused on companies with a minimum market capitalization of $375 million and a minimum of 15% of shares outstanding on loan with the value of shares on loan at least $10 million.
(Shashwat Chauhan)
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EARLIER ON LIVE MARKETS:
WALL STREET IS RED IN RESPONSE TO DATA, EARNINGS CLICK HERE
IS MOMENTUM COMING UP LAME? CLICK HERE
PHARMA FACES U.S. PRICING FOG, NOT EARNINGS SHOCK – UBS CLICK HERE
WHEN THE FED CUTS, THE ROOF RISES: BCA BETS BIG ON REAL ESTATE CLICK HERE
TIME TO HEDGE EXPOSURE TO EURO ZONE BANKS: CLICK HERE
CROWDED TRADES, THIN ICE: KAIROS EYES 5–8% PULLBACK CLICK HERE
STOXX 600 CONTINUES CAUTIOUS REBOUND CLICK HERE
EUROPE BEFORE THE BELL: THE COMEBACK CONTINUES CLICK HERE
BAD NEWS IS GOOD NEWS FOR MARKETS CRAVING FED 'ROCKET FUEL' CLICK HERE
Wall Street loses ground after weak services data https://fingfx.thomsonreuters.com/gfx/mkt/lbpgzjdnnvq/Pasted%20image%201754404169984.png