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Most Shorted NYSE Stocks Update: Citi Back To Being Most Hated Company In The World
After a brief stint in the end of November dethroned Citi from the title of "most hated company" if not in the world then at least on the S&P, and replaced it with the traditional hedge fund long position offset, the SPY, December has seen a valiant rebound by Citi shorts, which successfully pushed Pandit's company back to the top. And with 355 million shares short, Citi is no danger of being overtaken any time soon by runner up, SPY. The surge in shorting also likely explains why the same company has, courtesy of various forced buy ins, once again pulled a March 2009, and soared on absolutely nothing, as a short covering spree has taken the name double digits higher in days. We would have hoped that realist speculators would know by now that any time there is a surge in the short interest, it is immediately reported by the exchanges and the brokers to the custodians who in turn enjoy institute HTB days, which just sometimes see pervasive forced buy ins to generate an industry wide short squeeze. Just like we have seen in financials in the past several weeks.
Some other notable observations: the short interest to average daily volume ratio in the KRE, which we pointed out in the end of November was a massive 24.6x has since declined to a far more manageable 15.7x as short covering brought down the SI notably. As we expected the short covering took the price of the ETF notably higher. For this week, the stock with the highest SI-to-ADV ratio is RCI with a stunning 70.5x, followed by such ETFs as XOP in 2nd place with 23.9x, KRE (at a still high 15.7x), XRT at 12.8x, and then a bunch of other high beta names that will soon likely pull a little Netflix trampoline action as soon as State Street pulls their borrow.
Lastly, there was little change in the Top 10 most shorted stock on the NYSE. Oddly enough, the NYSE appears to have made a mistake and has accidentally dropped Q from the Top 5 most shorted names, after last month the company had 144 million shares short.
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Ticker
Company Exchange ShortInt Float Outstd Industry BPI Bridgepoint Education Inc NYSE 54.86% 17.25M 52.22M Schools MNI McClatchy Company, The NYSE 36.06% 50.63M 60.16M Printing & Publishing ADS Alliance Data Systems Corp NYSE 35.40% 50.22M 52.00M Computer Services TWI Titan International, Inc. NYSE 34.78% 33.45M 35.35M Tires HOV Hovnanian Enterprises Inc NYSE 34.26% 50.15M 63.28M Construction Services BYD Boyd Gaming Corporation NYSE 33.95% 54.21M 86.23M Casinos & Gaming WTI W&T Offshore, Inc. NYSE 29.35% 34.72M 74.63M Oil & Gas Operations TXI Texas Industries Inc NYSE 28.75% 17.44M 27.83M Construction - Raw Materials JOE St Joe Co NYSE 27.96% 91.81M 92.63M Real Estate Operations ADY Feihe International, Inc. NYSE 27.71% 7.54M 22.30M Food Processing AN AutoNation, Inc. NYSE 26.52% 41.69M 148.00M Retail (Specialty Non-Apparel) GME GameStop Corp. NYSE 26.51% 144.84M 151.40M Retail (Technology) RES RPC Inc NYSE 25.94% 35.20M 148.15M Oil Well Services & Equipment ESI ITT Educational Services, Inc. NYSE 25.56% 27.65M 31.92M Schools DSW DSW Inc NYSE 25.38% 14.89M 16.71M Retail (Apparel) HEI HEICO Corporation NYSE 24.56% 9.37M 13.25M Aerospace and Defense BBX BankAtlantic Bancorp, Inc. NYSE 24.22% 29.41M 63.21M S&Ls/Savings Banks STRI STR Holdings, Inc. NYSE 24.06% 37.99M 41.37M Construction - Supplies and Fixtures MGM MGM MIRAGE NYSE 23.86% 330.76M 488.50M Casinos & Gaming ZZ Sealy Corporation NYSE 23.64% 48.56M 97.49M Furniture & Fixtures GMXR GMX Resources Inc. NYSE 23.46% 28.41M 30.90M Oil & Gas Operations SKS Saks Inc NYSE 22.96% 108.96M 160.90M Retail (Department & Discount) N NetSuite Inc. NYSE 22.47% 18.75M 64.33M Software & Programming BKE Buckle Inc NYSE 21.79% 26.19M 46.74M Retail (Apparel) GDOT Green Dot Corporation NYSE 21.65% 11.16M 13.38M Consumer Financial Servicesthanks, from what source does this originate?
Try these to look up short interest:
http://www.highshortinterest.com/all/1
http://finance.yahoo.com/q/ks?s=c
http://www.shortsqueeze.com/?symbol=c&submit=Short+Quote%99
Thanks.
Hey, Spalding, I think you'll like this. I stole this idea form silvergoldsilver:
http://www.xtranormal.com/watch/8266652/
http://www.goodmorningwallst.com/Shorts/Top%2050%20NYSE%20Jumps%20in%20S...
http://www.goodmorningwallst.com/Shorts/Top%2050%20NASDAQ%20Jumps%20in%2...
Coinstar has like 30% of the float shorted.
I guess there's a market cap cut-off in that list -- which, by the way, is better than Tyler's.
Number of shares short, Tyler? Really? Really, Tyler??
Exactly... It just means that C is a heavily traded stock, not the most hated. The most "hated" or most heavily shorted should be on a percentage of outstanding shares, like in Robo's list.
The NYSE list is sorted by absolute number of shares short. The second chart is a subset of the most shorted stocks (yes, Citi is at the top), relative to their ADV. We will make an update of the absolutely worst companies in the world based on fundamentals, with the highest short interest (not necessailry NYSE), that have a high beta, and are thus guaranteed to surge, later today.
HOV deserves it imo.
Sooo...should I sell my Citi stock? I bought in when it was under $4 last August and enjoyed the ride up. Is a stop loss trade in order here?
In an more general sense, what's a retail trader to do with this sort of analysis? If financials are about to come down, how should I position for it besides just selling my holdings?
Citi's rise over the last four months have pretty much mirrored the S&P - when the correction comes, where should my $$ be? I am a newbie here so please excuse the silly questions.
Buy muni bonds in areas about to go bankrupt.
Good yield.
Um, thanks b_d. I'll get right on that!
I will some day.
Silver, bitchez!
Bought some 10 oz bars today. It felt really good to do so.
You can follow my trade: Long PMs funded with a short 30 year treasury position. Including the negative carry on the this one I estimate my expected return to be about $3 trillion. I'm also rolling long Spam futures (that is until those motherfuckers at the CFTC shut me down for not registering as a commodities pool operator.)
Kurt
Remember, this is bonus month for the TBTFs. After earnings are announce this week and next, the bonuses start getting announced and paid out in the last week of Jan through Feb.
Due to TARP, and the TBTFs trying to keep up their public image, bonuses will come with a disproportionately higher amount paid in stocks, options, and warrants, which could be immediately sold and turned into cash.
Do you think it is coincidence that the TBTF's analysts started tawking each others stock up back in October with bonus season right around the corner?
Or for that matter, that Bernanke announced QE2 with TBTF's annual earnings reports right around the corner?
Now, if you received your bonus in stocks, options and warrants, would you sell them now while the stocks are artificially inflated, or hold on to them?
What do you think will happen to the TBTF's stock prices if stock bonuses are redeemed by insiders?
In a normal economy they would fall off a cliff.....in this fraudconomy, the prices will do whatever TPTB want them to do.
Playing this market is a fools venture, and the only thing crazier than being long this market....is being short this market.
T.E.I.N. everyone!
Cramer reiterated his $12 call for Citi in 2011 and almost in the same sentence rebuffed
a a 1-for-3 split. However, with a $5.10 print and almost 30 billion shares out a 1-for-2 would put C in more line with BOA in both price and shares. At $10.20, with little institutional participation and a rising short percentage an announcement at the conference call on Tuesday would bring that $12 prediction to fruition with just a 15% move on the short squeeze and increase participation.
Probably won't happen, but why not wait till Wednesday as market turns have of late come on the heels of the earnings announcement for Goldman.
Pandit is a loser.
thats a citiload of shorts
Jan. 14 (Bloomberg) -- Commodity options traders have
increased bearish bets to a record against an exchange-traded
fund tracking energy and metals prices after a rally to a two-
year high.
Put volume was 16 times the four-week average yesterday and
topped the prior record of 7,463 contracts on Jan. 11. Almost
all those bearish trades were concentrated in the ETF’s February
$33 puts, which had an open interest of 15 existing contracts
before yesterday.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a1wTsqHKkGm4
I wonder how bad his fund is doing ?
Peter Schiff - Jan. 14 2011
U.S. economy, inflation, China, euro, gold
http://www.youtube.com/watch?v=_JZbOz86vz0
Oh he's probably down from beating the shit out of the stock market to beating the shit out of the stock market.
You have to actually make your opponent lose before you treat them like losers. A 2 percent reduction in ass kicking isn't going to devastate them and make them malleable leadable puppies. So lets see some 22 dollar silver and some 1250 gold. I promise it won't be devoured by buyers. I swears it won't.
Oh you got a little desperation there in your teeth. You need to go brush it off.
Notice how the NEW TERRORIST as stereotyped by the MAINSTREAM MEDIA are WHITE DUDES in a suit and tie like Mr. Vincent McCrudden??
Watch the YouTube video "The New American Terrorist ~ Regular Joe's" at (http://www.youtube.com/watch?v=bz9E5aTURWE).
Anonymous-
Isn't American tyranny great? I can't wait for the Gestapo to knock on my door and jail me for being a capitalist!!!!
Didn't your shorts get blown out yet ?
While I personally would like to see a world where there is equal opportunity and equal protection under the law and one race, religeon or philosophy does not set themselves apart from the rest with they idea that they are superior and must work together to subjugate or destroy others, that does not appear to be the case.
It is currently the nature of ALL humanity to divide into (small) groups that work together for a common purpose. The more powerful groups are those that can draw more together through a common bondage and who are able to operate with less restrictions, create restrictions on others and divide others.
There are big gangs and little gangs all over the world that operate with the idea that they will bring more power to their gang.
McCrudden is not part of the powerful gang that creates the rules for Wall Street and makes sure that its members prosper while others fail. He did not create the scam and thought he had a right to slide into it. He is wrong... but by being wrong, he helps expose the lie. Maybe others will see... even just a few.
Still various flavours in gangs. For example, some gangs treated outsiders as insiders whereas other gangs had special rules for outsiders vs insiders.
Quite a lot of fuss in the US history about that when US citizens captured by Indians complain they are treated like an Indian and not like a US citizen.
This is exactly why stocks have WAY more upside. Until the last put buyer has thrown in the towel, the SPX will just grind higher. TPTB are in complete control. Why would anyone try to get in front of this market is beyond me. Buy, buy, buy !!!
@pat53
What is your number? When do you call it quits?
Fast money was pumping it....guess that's that then.
The Bear correction is OVER!!!! The BDI had turned around and is rocketing up! Just today it was up 1. For a moment there, I was worried. Clearly this explains the market rally today.
sunny
Pile on!
Vikram's a punk bitch.
very simple hahaha
http://theopeningrange.blogspot.com/2011/01/this-is-what-i-look-for.html
hate citi, cut squid, hate citi, cut squid...
BOA, Citi etc. is the fakist shit since wax fruit.
Goldman owns the rigged game bring on -273
OT
The findings show that out of the 671 men and 869 women studied, 35.1% of young men, between 16 and 19 years of age, said they weren't interested in sex.
That figure has worryingly doubled since the last study, in 2008, which showed that 17.5% had no interest in intercourse or were averse to it.
For a leading doctor in Japan, the study's result showed why the birth rate in Japan was declining - the Japanese are not having enough sex.
Read more: http://www.metro.co.uk/weird/852703-third-of-young-japanese-men-not-interested-in-sex-says-government#ixzz1B5RjuyVx . Hey Japanese ladies. Call me. J-pop girls especially. http://www.youtube.com/watch?v=r8gyvcPH4Q8
http://www.youtube.com/watch?v=phDuvBk_9ok
It is probably in the water.
When I used to travel to Singapore quite frequently during the days of LKY, it was reported that the Singapore water system had been intentionally laced with saltpeter. At the time, Singapore was trying to "reduce" its birth rate, and was actually successful... through a combination of programs.
Later Singapore figured they had gone too far and they then created all sort of programs to try to encourage coupling and birth. Singapore had other issues that needed to be corrected as well. During the 90s the average woman was more educated, aggressive and successful than the average man and women had touble marrying "down"... likely given the Asian culture and the woman's role with money.
The Japan phenomenon is probably worth a closer look (coming to a country near you?) ... unless Japan, in exchange for its continued existance and higher than average debt/GDP, has agreed to subject its people to planned downsizing. Even without, it cannot be good psychologically on the ego, when the last "masters of the world" (driven by low labor and high debt expansion) discover they are just average.
What I've also found as a good source indicator for coming market sentiment is the junk folder of my email.
If it's loaded with discount offerings from amazon, mediamarkt, Dell,.... and the discounts go over 40% and they all do it at the same time, it means their forecast predict shit.
And for the moment it pretty full so this market won't last much longuer.
Rising commodity prices made them stock up their inventories through the roof. If the commodities keep going up, they'll do well if demand keeps going up.
Commodities are dropping, demand... well in januari and februari people need to save money and pay the bills for the starting year like insurance, taxes... so like always, demand drops.
So instead of making a killing, it might turn out to be a massacre.
This week was a metals RAPE. There is no logic for these to be dropping given massive money supply creation, perhaps there will be some action to BTFD next week.
By logic you mean fundamentals?
I would argue that there was and is no logic for metals to be at the height they currently fly. Neither production costs, nor supply and demand can justify the price. I am not going to go into any great detail in this, but the business that I am involved in is a techology based metals business.
If neither production cost, nor supply and demand determing price then it must be set based on speculation and MANIPULATION (tulips anyone?). Banks and their related hedge funds nominally own, through their promises to pay at some point in the future, the vast majprity of metal inventory. Banks dominate the markets, not the producers and the users. This is healthy because banks create money, at will, out of thin air to pay, but unhealthy because there is ABSOLUTELY NO CONNECTION BETWEEN SUPPLY AND DEMAND or costs.
If the banks can create tons of money (or are given tons of money from the Fed) prices go up ... and if not then prices go down. That is the current fundamental. Outside of that, everything else is just noise.
When the price goes up the fundamentals don't move and when the price goes down the fundamentals still haven't changed one little bit (ie. they're worthless)
Most Hated Company In The World
I've been finding that when ya hate something, you give it power. When you don't pay attention to it, it falls away of its own accord.
the chart of future past; when the robots trade....