QXO Inc. becomes most shorted industrial stock, fueled by weak fundamentals

QXO Inc. is now the most shorted stock in the industrial distribution sector. Short interest reached over 18% of the company's float as of July 6, 2026. This level significantly exceeds the industry peer average of 10% to 13%.

Investors cite concerns over weak fundamentals, including a low Piotroski F-Score of 2. S&P Global Ratings recently downgraded subsidiary TopBuild Corp. to 'BB-'. This action aligns the subsidiary's credit rating with QXO’s existing profile.