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Friday
Feb112011

Most Heavily Shorted S&P 500 Stocks

Over at Bespoke Premium, we release a bi-weekly report that highlights key trends from the US short interest numbers that are released twice per month.  A sample can be seen here

Below we highlight the average short interest as a percentage of float for stocks in each S&P 500 sector.  As shown, Consumer Discretionary stocks in the S&P 500 are the most heavily shorted, with an average of 5.74% of shares sold short.  Materials, Technology, and Financials are the three other sectors with short interest numbers higher than the S&P 500 as a whole.  Unsurprisingly, given their high yields and low volatilities, Utilities stocks are the least shorted in the S&P 500.  But it is somewhat surprising to see the Industrial sector as the second least shorted sector in the S&P 500.

Below we highlight all S&P 500 stocks with more than 10% of their sales sold short.  As shown, AutoNation (AN) is the most heavily shorted at 30.71%.  AN is followed closely by Sears Holdings (SHLD).  First Solar (FSLR) ranks 3rd, followed by GameStop (GME), Netflix (NFLX), SUPERVALU (SVU), and Cephalon (CEPH). 

 

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Reader Comments (2)

US Steel, X, rose 1.8% to close at 58.92 on February 11, 2011; it represents a vey good choice for short selling as it rises into what is now an Elliott Wave 2 Crest or Elliott Wave 5 High (its third at 60) and will be entering an Elliott Wave 3 Down. There is currently a Dollar Liquidity Trade that is taking it higher; how much longer this will go on we don't know.

But we do know is that The world is passed from The Age of Leverage characterised by sovereign sovereign debt expansion, currency inflation, credit liquidity, stability, stock and junk bond inflation, economic growth and expansion and prosperity … and passing into The Age of Deleveraging characterised by failure of sovereign debt, currency deflation, credit ill-liquidity, instability, stock and junk bond deflation, economic contraction and austerity.

Anticipation of and the actual implementation of Ben Bernakes’s QE2 provided seigniorage, that is moneyness, to both world stocks, VT, and junk bonds, JNK, worldwide as is seen in the chart of each.

But now with the end of earning seasons, QE 2 has exhausted, with both world stocks and junk bond turning lower in value. Increasing good earnings can no longer support stocks as sovereign debt seigniorage has failed. Soon US Steel, X, will be joining the growning list of stocks that has turned down.

One could short sell but over time it will become apparent that the only “money good” is found in gold and silver .

February 11, 2011 | Unregistered Commentertheyenguy

Thanks this is the chart i been looking for. For the next time can you explain a little more what "short interest" means... you know some theory ;)

February 14, 2011 | Unregistered CommenterJavier

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