17 Underperfoming Stock With Increasing Short Interest

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The following is a list of stocks that have lagged the rest of the market over recent weeks, reporting losses over the last quarter.Additionally, all of these stocks have seen a significant increase in shares shorted between 10/29/2010 - 1/31/2011.  Is this excessive pessimism justified, or will the inevitable short-covering provide support to these stocks? Full details below.  Short trends data sourced from AOL Money.

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 The list has been sorted by the change in shares shorted over the last three months. 

1. Cninsure Inc. (CISG): Insurance Brokers Industry. Market cap of $897.51M. Shorted shares increased from 3.23M to 6.85M over the last three months (112% change). Short float at 15.06%, which implies a short ratio of 6.5 days. The stock has lost -16.95% over the last year. 

2. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $1.31B. Shorted shares increased from 17.88M to 34.03M over the last three months (90% change). Short float at 19.91%, which implies a short ratio of 7.46 days. The stock has lost -22.03% over the last year. 

3. SUPERVALU Inc. (SVU): Grocery Stores Industry. Market cap of $1.82B. Shorted shares increased from 29.67M to 43.78M over the last three months (48% change). Short float at 20.85%, which implies a short ratio of 4.93 days. The stock has lost -43.77% over the last year.

4. Yongye International, Inc. (YONG): Agricultural Chemicals Industry. Market cap of $339.17M. Shorted shares increased from 4.32M to 5.9M over the last three months (37% change). Short float at 15.36%, which implies a short ratio of 8.07 days. The stock has lost -12.71% over the last year. 

5. MIPS Technologies Inc. (MIPS): Semiconductor- Memory Chips Industry. Market cap of $693.36M. Shorted shares increased from 8.42M to 10.99M over the last three months (31% change). Short float at 21.17%, which implies a short ratio of 3.63 days. The stock has gained 217.46% over the last year. 

6. Cadence Pharmaceuticals Inc. (CADX): Biotechnology Industry. Market cap of $385.93M. Shorted shares increased from 10.31M to 13.31M over the last three months (29% change). Short float at 27.23%, which implies a short ratio of 33.26 days. The stock has lost -17.87% over the last year. 

7. LAN Airlines S.A. (LFL): Regional Airlines Industry. Market cap of $9.91B. Shorted shares increased from 6.01M to 7.63M over the last three months (27% change). Short float at 39.39%, which implies a short ratio of 18.5 days. The stock has gained 71.55% over the last year. 

8. Deer Consumer Products, Inc. (DEER): Home Furnishings & Fixtures Industry. Market cap of $369.83M. Shorted shares increased from 2.18M to 2.74M over the last three months (26% change). Short float at 15.22%, which implies a short ratio of 12.62 days. The stock has gained 21.93% over the last year. 

9. MannKind Corp. (MNKD): Biotechnology Industry. Market cap of $477.87M. Shorted shares increased from 16.09M to 19.88M over the last three months (24% change). Short float at 25.13%, which implies a short ratio of 4.48 days. The stock has lost -62.08% over the last year. 

10. Harbin Electric, Inc. (HRBN): Industrial Electrical Equipment Industry. Market cap of $598.44M. Shorted shares increased from 4.39M to 5.35M over the last three months (22% change). Short float at 26.04%, which implies a short ratio of 10.12 days. The stock has lost -2.2% over the last year. 

11. Cephalon Inc. (CEPH): Biotechnology Industry. Market cap of $4.42B. Shorted shares increased from 11.15M to 13.48M over the last three months (21% change). Short float at 17.92%, which implies a short ratio of 10.2 days. The stock has lost -12.4% over the last year. 

12. Savient Pharmaceuticals, Inc. (SVNT): Biotechnology Industry. Market cap of $703.3M. Shorted shares increased from 12.94M to 15.51M over the last three months (20% change). Short float at 22.32%, which implies a short ratio of 6.03 days. The stock has lost -29.01% over the last year. 

13. Overseas Shipholding Group Inc. (OSG): Shipping Industry. Market cap of $1.06B. Shorted shares increased from 4.81M to 5.62M over the last three months (17% change). Short float at 21.97%, which implies a short ratio of 10.22 days. The stock has lost -18.85% over the last year. 

14. GameStop Corp. (GME): Electronics Stores Industry. Market cap of $3.07B. Shorted shares increased from 31.79M to 37.06M over the last three months (17% change). Short float at 25.45%, which implies a short ratio of 9.47 days. The stock has gained 4.38% over the last year. 

15. Iridium Communications Inc. (IRDM): Communication Equipment Industry. Market cap of $562.7M. Shorted shares increased from 7.58M to 8.64M over the last three months (14% change). Short float at 18.54%, which implies a short ratio of 22.77 days. The stock has gained 23.61% over the last year. 

16. EnerNOC, Inc. (ENOC): Business Services Industry. Market cap of $481.15M. Shorted shares increased from 3.66M to 4.11M over the last three months (12% change). Short float at 18.26%, which implies a short ratio of 9.33 days. The stock has lost -33.56% over the last year. 

17. STR Holdings, Inc. (STRI): Specialty Chemicals Industry. Market cap of $781.89M. Shorted shares increased from 7.91M to 8.83M over the last three months (12% change). Short float at 23.24%, which implies a short ratio of 14.64 days. The stock has gained 6.18% over the last year. 



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks


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