We have noted previously that short-sellers have been crushed this year as many of the best performing stocks have also been some of the most heavily shorted stocks. So far in December, however, short-sellers have been getting a bit of a respite. Of the 29 names listed, only 8 are up so far this month. All in all, these 29 stocks have averaged a decline of over 4% this month compared to a loss of just 0.62% for the S&P 1500. It looks as though Christmas has come early for the short-sellers this year. Here’s the list of all 29 stocks and how they have performed to date.
So say edited excerpts from the introduction to an article entitled S&P 1500 Most Heavily Shorted Stocks posted by the team at bespokeinvest.com.
[The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here). The excerpts may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
The article goes on to say in further edited excerpts to ensure you a fast and easy read:
The list below highlights the 29 stocks in the S&P 1500 that have more than 25% of their free-floating shares sold short as of the end of November.
- 21 (72%) are small cap stocks including the 10 most heavily shorted stocks on the list,
- 7 are mid caps and
- 1 (Cliffs Natural (CLF)) is the only large cap stock. Although with a market cap of under $4 billion CLF would not even meet the market cap criteria to be added to the S&P 500 today.
A typical theme of this list each month is that many of the names are consumer and/or stocks with a trendy product. True to form, 10 of the names on this month’s list are from the Consumer Discretionary sector. Some of the more notable names include, Green Mountain Coffee (GMCR), Deckers Outdoor (DECK), Outerwall (OUTR), Aeropostale (ARO), JC Penney (JCP), and Barnes & Noble (BKS).
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*http://www.bespokeinvest.com/thinkbig/2013/12/11/sp-1500-most-heavily-shorted-stocks.html (This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.)
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