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In our prior post, we looked at average short interest levels by sector.  Below we highlight the five most heavily shorted stocks in each sector of the S&P 1500.  Remember, the S&P 1500 is made up of the large-cap S&P 500, the mid-cap S&P 400, and the small-cap S&P 600.  That means it’s made up of stocks of all sizes.  As you’ll see in the table below, though, there aren’t a lot of stocks with extremely high short interest levels that are larger than a few billion dollars in market cap.

For each stock, we show its market cap, year-to-date % change, % change since the election, and short interest as a percentage of float (SIPF).

Remember, if a stock has high short interest, it usually means a lot of investors think it’s going to go down.  That doesn’t necessarily mean the stock is bound to go down, of course.  And when a heavily shorted stock experiences good news, it generally results in bigger gains because it forces shorts to cover, which adds another layer of bids to the trade.

Within the Consumer Discretionary sector, Restoration Hardware (RH) and Lumber Liquidators (LL) are essentially tied with the highest short interest at 37.7%.  Cal-Maine Foods (CALM) is the most heavily shorted Consumer Staples stock, and it’s interesting that Tootsie Roll (TR) and Boston Beer (SAM) are on the list as well.

Atwood Oceanics (ATW) is the most heavily shorted Energy stock with 46% of its float sold short.  LendingTree (TREE) is the most heavily shorted Financial with a SIPF reading of 52.61%.  That actually makes TREE the most heavily shorted stock in the entire S&P 1500.  Eagle Pharma (EGRX) is the most shorted Health Care stock, while GATX and Greenbrier (GBX) are on top in Industrials.  LSB Industries (LXU) has the highest short interest in the Materials sector.  Finally, within Technology, (STMP) has the highest short interest at 28.75%, followed by EBIX and then 3D Systems (DDD).

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