Quarterly Outlook
Q4 Outlook for Investors: Diversify like it’s 2025 – don’t fall for déjà vu
Jacob Falkencrone
Global Head of Investment Strategy
Investor Content Strategist
Find out which stocks and equity ETFs are the most shorted by Saxo clients globally right now on 6 November, 2025.
Short selling is a strategy that flips the usual idea of investing. Instead of buying a stock and hoping it goes up, short sellers borrow shares, sell them, and hope the price drops.
Usually, this strategy is executed through leveraged products like Contracts for Difference (CFDs). CFDs allow traders to speculate on price movements without owning the underlying shares.
Check the table to find out what are the most shorted shares by the % of all open positions that are short on the Saxo platform
| Most Shorted Stocks & ETFs | Short % |
| Tesla Inc. | 49% |
| Oklo Inc. | 48% |
| Robinhood Markets Inc. | 42% |
| Palantir Technologies Inc. | 35% |
| Invesco QQQ Trust, Series 1 ETF | 30% |
| IonQ Inc. | 26% |
| Micron Technology Inc. | 25% |
| Broadcom Inc. | 25% |
| Vestas Wind Systems A/S | 23% |
| SPDR S&P 500 ETF Trust | 23% |
| NVIDIA Corp. | 22% |
| Boeing Co. | 20% |
| Netflix Inc. | 19% |
| Oracle Corp. | 18% |
| CrowdStrike Holdings Inc. | 18% |
| Apple Inc. | 18% |
| LVMH Moet Hennessy Louis Vuitton | 16% |
| Costco Wholesale Corp. | 16% |
| GE Vernova LLC | 15% |
| Advanced Micro Devices Inc. | 15% |
| Intel Corp. | 15% |
| Rocket Lab Corporation | 15% |
| Nebius Group NV | 15% |
| Super Micro Computer Inc. | 14% |
| Alphabet Inc. Class C | 13% |
| AppLovin Corp | 13% |
| Riot Platforms Inc. | 13% |
| Plug Power | 12% |
| Alphabet Inc. Class A | 12% |
| Nike Inc. | 11% |
| UBS Group AG | 10% |
| JPMorgan Chase & Co. | 10% |
| Uber Technologies Inc. | 9% |
| Microsoft Corp. | 9% |
| iShares 20+ Year Treasury Bond ETF | 9% |
| Rheinmetall AG | 9% |
| Coinbase Global Inc | 8% |
| SoFi Technologies Inc | 8% |
| MP Materials Corp. | 7% |
| Ørsted A/S | 7% |
| Amazon.Com Inc. | 7% |
| Nio Inc. - ADR | 7% |
| ARK Innovation ETF | 7% |
| ASML Holding NV | 7% |
| Grab Holdings Ltd. | 6% |
| IREN Ltd. | 6% |
| Eli Lilly & Co. | 6% |
| iShares Silver Trust ETF | 5% |
(data collected 6 November, CFD trades only, minimum number of open positions required)