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Earlier today we published our bi-weekly Short Interest Report for subscribers.  One of the tables in the report highlights the most heavily shorted stocks in the S&P 500, which we’ve reproduced below.

As shown, Under Armour (UAA) is currently the most shorted stock in the S&P with 24.4% of its equity float sold short.  First Solar (FSLR) ranks just behind Under Armour with 24.18% of its float sold short.  Retailer Nordstrom (JWN) is the third most heavily shorted stock in the S&P 500, while Frontier Communications (FTR) and Garmin (GRMN) round out the top five.  There are a significant amount of investors that have placed negative bets on these five large-cap companies.

Other notables on the list of most shorted stocks in the S&P 500 include Chipotle (CMG), Urban Outfitters (URBN), TripAdvisor (TRIP), Best Buy (BBY), Gap (GPS), and Kohl’s (KSS).

On average, the stocks listed in the table are down 5.5% year-to-date.  That’s much weaker than the 5%+ gain that the S&P 500 has seen, and it shows that at least some short sellers are having a good year even in a rising market.

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