Market Overview

J C Penney Jumps To The Top Of The Short Seller List

Share:
J C Penney Jumps To The Top Of The Short Seller List
Related HLF
Benzinga's Top Upgrades, Downgrades For October 11, 2018
This Day In Market History: Congress Creates The FTC
Related UA
The Highs And Lows Of Earnings Season Dominate July's IMX Results
Investor Movement Index July Summary

FIS Astec Analytics has released its latest weekly list of the most popular stocks among short sellers.

This week’s list contains six stocks that have regularly appeared atop the short selling list throughout the year. Here’s a rundown of this week’s hottest stocks among short sellers.

Top Pick: J C Penney

Short sellers have not been impressed by J C Penney Company Inc (NYSE: JCP)’s recently launched children’s clothing line, upping their short positions by 8 percent in the past week. With shares now trading consistently below $4, short sellers may see the writing on the wall for the once-dominant retailer.

Related Link: Usual Suspects Among Hottest Stocks To Short

1. Snap

J C Penney jumped Snap Inc (NYSE: SNAP) for the top spot on this week’s list, but short sellers certainly don’t seem to take Snap’s recent lock-up expiration as a sign to close out their positions. In the past two weeks, Snap selling volume has jumped 31 percent and 22 percent, and overall short interest is up 8 percent, according to FIS.

2. Applied Optoelectronics

Applied Optoelectronics Inc (NASDAQ: AAOI) stock has been all over the map in 2017, and short sellers are likely contributing to the volatility. With shares now down 40 percent from their August peak, FIS says nearly 96 percent of available shares are currently being borrowed.

3. RH

After starting 2017 on quite a run, the RH (NYSE: RH) short trade has paid off in the past month, with the stock down more than 34 percent. Short sellers see even more downside ahead, and more than 25 percent of available shares are still held by short sellers.

4. Under Armour

The athletic apparel group has had a dismal earnings season, but short sellers are betting Under Armour Inc (NYSE: UA) (NYSE: UAA) has even more pain ahead. Under Armour shares are now down nearly 60 percent in the past year, but over 94 percent of available shares remain borrowed.

5. Herbalife

Bill Ackman’s famous $1 billion short is once again back among the hottest short plays in the market. According to FIS, short sellers now hold 88 percent of Herbalife Ltd. (NYSE: HLF) shares available to borrow.

Latest Ratings for HLF

DateFirmActionFromTo
Oct 2018JefferiesInitiates Coverage OnBuy
Mar 2018CitigroupUpgradesNeutralBuy
Feb 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for HLF
View the Latest Analyst Ratings

Posted-In: FIS Astec AnalyticsAnalyst Color Short Sellers Short Ideas Analyst Ratings Trading Ideas Best of Benzinga

 

Related Articles (HLF + AAOI)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ETTXWedbushInitiates Coverage On19.0
WINGWedbushDowngrades0.0
BMYCitigroupDowngrades57.0
INTCNomuraUpgrades0.0
HRZNKeefe Bruyette & WoodsDowngrades10.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Everything Old Is New Again: Century-Old Cummins Spent Decade Laying In The Weeds Before Dropping Truck Bomb On Tesla

iShares NASDAQ Biotech ETF At Highest Since Level Since December 2015