29 Stocks Traders Are Shorting Like Crazy

The list of stocks of concern is still formidable

   

29 Stocks Traders Are Shorting Like Crazy

This year has been a rough year for traders shorting the stock market. In fact, the most heavily-shorted stocks have been outperforming the S&P 500.

Still, the shorts are holding strong and waiting patiently to clean-up when stock prices fall.

In our latest list of stocks traders are shorting like crazy, some popular targets have fallen off. For instance: Best Buy (BBY), Netflix (NFLX), and First Solar (FSLR), who have each recently appeared in this space, are out.

Instead, short sellers seem to have shifted their focus to oil, gas and raw materials stocks, which continue to face exposure to falling prices. There do remain some old standbys in for-profit education and retail.

We ranked the stocks by short interest as a percentage of floating shares. Take a look and decide whether or not you agree with the shorts – and invest or act accordingly.

Bill Barrett Corp

Short interest: 28%

YTD return: 62%

Sector: Oil and gas

Comment: Bill Barrett (BBG) has been able to increase the share of oil in its production stream to 25% from only 2% in 2008 to overcome low natural gas prices, but investors still seem unconvinced.

Data from Bloomberg

IMAX

Short interest: 28%

YTD return: 29%

Sector: Entertainment

Comment: IMAX (IMAX) shares could suffer if the New York Times’ August report on waning interest in 3-D films holds.

Data from Bloomberg

Aeropostale

Short interest: 29%

YTD return: -27%

Sector: Retail

Comment: Aeropostale (ARO) is the worst-performing teen-clothing stock of the last three years, and is now considered a buyout target after a series of what Bloomberg’s Tara LaChapelle describes as “fashion misfires.”

Data from Bloomberg

For the rest of the story and list follow this link to Business Insider


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/29-stocks-traders-shorting-like-crazy/.

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