The last reported short interest is only 1.7% of the average trading float. The smart money doesn't believe Apple will continue falling, should you?
If you ask me "what dip are you talking about" I understand. Shares have really appreciated, gaining 49% in the last year, and the average analyst target price for Apple is $767.83. The current drop from $700 is our opening. AAPL Payout Ratio TTM data by YCharts