Bespoke Investment Group published an interesting article regarding stocks with the highest short interest (these stocks can suddenly rally due to short covering squeezes):
"Below is a list of the stocks in the Russell 1,000 with the highest short interest as a percentage of float. Generally when the market is rising, the most heavily shorted stocks outperform, and we've seen that so far this month as well.
In the Russell 1000 Index, AutoNation, Inc. (NYSE:AN) has the highest short interest as a percentage of float at 40.74%. With a gain of 25%, AN has hit the shorts pretty hard year to date. Alliance Data Systems Corporation (NYSE:ADS) and MGM Resorts International. (NYSE:MGM) rank second and third in terms of short interest and are the only other names with SIPF above 30%. SunPower Corporation (NASDAQ:SPWRA) and Sears Holdings Corporation (NASDAQ:SHLD) round out the top five with SIPF of 27.65% and 26.05% respectively.
Netflix, Inc. (NASDAQ:NFLX), MBIA Inc. (NYSE:MBI) , and Las Vegas Sands Corp. (NYSE:LVS) are all on the list as well, and the shorts have gotten killed in these names this year. All are up more than 100% year to date. Some other notable names on the list include Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), United States Steel Corporation (NYSE:X), First Solar, Inc. (NASDAQ:FSLR), Jefferies Group, Inc. (NYSE:JEF), American International Group, Inc. (NYSE:AIG), Newell Rubbermaid Inc. (NYSE:NWL), and Garmin Ltd. (NASDAQ:GRMN)."
in BIG
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