« Initial Jobless Claims Stuck Above 380K | Main | Crude Oil Inventories Fall Less Than Expected »
Wednesday
Jun272012

30 Over 30: Stocks With the Highest Short Interest

Short interest levels for the middle of June were released after the close last night, and below we highlight the stocks in the S&P 1500 with the highest short interest as a percentage of float.  As noted in the title of this post, there are currently thirty stocks in the S&P 1500 that have short interest exceeding 30% of their free-floating share count.  At the top of the current list is OpenTable (OPEN), which is the only stock on the list that has more than half (56.98%) of its free-floating shares sold short.  Rounding out the top three are Spectrum Pharmaceuticals (SPPI) and KB Home (KBH).  While homebuilding stocks have been performing well lately, there are still plenty of skeptics as evidenced from the fact that more than 49% of KBH's float is sold short.

Of the thirty stocks highlighted below, only four are large cap stocks.  Perhaps the most high profile of these four names is JC Penney (JCP), which has been weak ever since reporting a disastrous quarter in May.  That stock has seen its short interest as a percent of float increase to 32% from 22% at the end of 2011.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.