3 Small-Cap Stocks with Rising Put/Call Ratios
Below is a list of three small cap stocks, with market caps around $100M. All three of these stocks have seen significant increases in their put/call ratios over the last two weeks (from 3/2 to 3/15).
Although the options sentiment of these companies is bearish, do you think these names could be contrarian opportunities to buy in? Use this list as a starting point for your own analysis.
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List sorted by increase in put/call ratio.
1. China Shen Zhou Mining & Resources, Inc. (SHZ): Industrial Metals & Minerals Industry. Market cap of $105.73M. Put/Call ratio increased 68.06% over the last two weeks (from 0.72 to 1.21). SHZ is a risky stock that is significantly more volatile than the overall market (beta = 2.19). After a solid performance over the last year, SHZ has pulled back during recent sessions. The stock is 29.06% below its SMA20 and 40.98% below its SMA50, but remains 30.21% above its SMA200. The stock has performed poorly over the last month as well, losing 46.31%.
2. CardioNet, Inc. (BEAT): Medical Instruments & Supplies Industry. Market cap of $110.38M. Put/Call ratio increased 48.75% over the last two weeks (from 0.8 to 1.19). The stock has lost 34.63% over the last year.
3. Lee Enterprises Inc. (LEE): Publishing - Newspapers Industry. Market cap of $115.52M. Put/Call ratio increased 12.50% over the last two weeks (from 0.56 to 0.63). This is a risky stock that is significantly more volatile than the overall market (beta = 2.81). LEE is a short squeeze candidate, with a short float at 19.04% (equivalent to 25.31 days of average volume). It's also been a rough couple of days for the stock, losing 13.47% over the last week.
Options data sourced from Schaeffer’s, all other data sourced from Finviz.