Hazeltree: In August, bearish forces are gathering around Chevron Corporation (CVX.US) and Tesla, Inc. (TSLA.US) in the U.S. stock market.

According to Hazeltree's latest Short Crowding Report, Chevron Corporation (CVX.US) was the largest cap stock to be shorted in August, followed by the electric car leader led by Musk, Tesla, Inc. (TSLA.US). This energy company scored 99 points, rising from second place in July (97 points) to the most crowded security in the large cap category. The Hazeltree Crowding Index represents the securities with the highest shorting percentage in the Hazeltree community. As of August 30th, traders have shorted 52.13 million shares of Chevron Corporation stock, accounting for 2.85% of the float. Tesla, Inc. followed closely with a score of 97 points, followed by ON Semiconductor Corporation (ON.US), Super Micro Computer, Inc. (SMCI.US) and Accenture Plc Class A (ACN.US) with scores of 88 points each. Super Micro Computer, Inc. was the most crowded security in this category in July, but this time it has dropped to fourth place. However, the institutions have the highest supply utilization rate of 31.86%, which is a popular indicator of a security's supply-demand dynamics. As of August 30th, Super Micro Computer, Inc. has 8.76 million shares of short equity, accounting for 15.66% of the float.