fbpx
QQQ
+ 3.93
332.74
+ 1.17%
DIA
-0.80
338.39
-0.24%
SPY
+ 1.16
410.54
+ 0.28%
TLT
+ 1.03
136.42
+ 0.75%
GLD
+ 1.12
161.18
+ 0.69%

10 Most Heavily-Shorted Stocks On The Russell 3000

February 1, 2021 5:05 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
10 Most Heavily-Shorted Stocks On The Russell 3000

Last week, members of the Reddit forum WallStreetBets were able to pull off a short squeeze for the history books by banding together to take on hedge funds betting against GameStop Corp. (NYSE:GME).

Targeting GameStop worked well for the Reddit community because GameStop had very high short interest — over 130% at the time — and has a relatively small float of 51 million. However, the short squeeze was big trouble for Melvin Capital, which was forced to close out its entire GameStop short position for a loss. Afterward Melvin Capital required Citadel and Point72 to inject $3 billion into its fund to bolster its finances.

The retail trading community is targeting stocks with the highest percentage of short interest to force institutions to cover their positions, which helps drive the share price dramatically higher. Small retail investors, large hedge funds and financial institutions may be wondering what stock they’ll successfully target next.

Related Link: A Short Seller Joins Benzinga's 'Power Hour' To Talk GameStop. The Rest Is History

Below are the next 10 most heavily shorted stocks on the Russell 3000 as of Jan. 29, 2021:

  • Accelerate Diagnostics Inc. (NASDAQ:AXDX): Market cap of $600 million with 31.03 total share float and 45% short.
  • Academy Sports and Outdoors Inc (NASDAQ:ASO): Market cap of $1.9 billion with 21.07 million total share float and 45% short.
  • AMC Entertainment Holdings (NYSE:AMC): Market cap of $2 billion with 56.56 million total float and 58% short.
  • Bed Bath & Beyond (NYSE:BBBY): Market cap of $4.3 billion with 230.80 million total float and 63% short.
  • Ligand Pharmaceuticals Inc. (NASDAQ:LGND): Market cap of $3 billion with 15.34 million total float and 65% short.
  • Macerich Co (NASDAQ:MAC): Market cap of $2.3 billion with 137.99 total share float and 57% short.
  • National Beverage Corp (NASDAQ:FIZZ): Market cap of $7.1 billion with 11.64 million total float and 63% short.
  • SunPower Corporation (NASDAQ:SPWR): Market cap of $9.2 billion with 80.91 million total float and 57% short.
  • Tanger Factory Outlet Centers Inc. (NYSE:SKT): Market cap of $1.4 billion with 90.15 total share float and 57% short.
  • Tootsie Roll Industries, Inc. (NYSE:TR): Market cap of $2.6 billion with 16.11 million share float and 46% short.
  • (Photo by Giorgio Trovato on Unsplash)

Related Articles

Barron's Latest Picks And Pans: Roundtable Picks, Quantumscape, Commodities And More

This weekend's Barron's cover story explains why the online renegades that took the investing world by storm are just getting started. read more

Benzinga's Bulls And Bears Of The Week: Apple, Lemonade, Sundial, Tesla And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included electric vehicle makers and the king of e-commerce. Some so-called meme stocks highlight the bearish calls that were seen. read more

8 Reopening Stocks Under $5

Analysts and economists are expecting the U.S. economy to significantly accelerate in coming quarters as the coronavirus vaccine rollout facilitates the reopening of many businesses and the unlocking of pent-up demand in hard-hit segments of the economy, including restaurants, travel and retail. read more

A Technical Look At AMC's Chart

AMC Entertainment Holdings Inc. (NYSE: AMC) shares are trading higher on Tuesday after Wedbush analysts doubled their price target. read more