Short Interest Update

Short interest numbers as of the end of February were released yesterday. In aggregate across all Russell 3,000 stocks, short interest as a percent of float came in at 3.21%, down from 3.6% at the start of the year. In the table below, we show the 25 stocks in the Russell 3,000 that currently have the highest short interest as a percent of float. Topping the list is Academy Sports and Outdoors (ASO) with 40.6% of shares shorted; unchanged in its ranking from the last report for the period ending February 12th. While it is still the most heavily shorted name in the index, ASO did see short interest as a percent of float fall 1.25 percentage points since the last report, and it is down even more considerably since the start of the year given its over 20% rally in that time. Including ASO, 13 of the top 25 most shorted stocks have lower short interest than they did in the last report. Of these, GameStop (GME) has seen the largest decline. GME has been on another massive rally over the past couple of weeks which has left the stock within 16.5% of its January closing highs. With that rally likely causing some shorts to close out their positions, the stock has seen a 6.36 percentage point drop in short interest as a percent of float in the most recent period, though, it remains one of the most heavily shorted stocks. Conversely, GEO Group (GEO) and Solid Biosciences (SLDB) are the two stocks in the top 25 that have seen short interest rise the most since the last report and YTD. For SLDB, the increase in short interest comes on what have been big gains year to date (+39.84%) while GEO has actually fallen double digits this year.

(Click on image to enlarge)

Not only has SLDB seen the biggest uptick in short interest among the most heavily shorted stocks, but it is also the stock that has seen the biggest increase of the entire index. In the table below, we show the Russell 3,000 stocks that have seen the biggest increase/decrease in short interest as a percent of float since the last report in mid-February. Other than SLDB, no other name saw a double-digit increase from the previous report with the next largest increase coming from Workhorse Group (WKHS) which saw short interest as a percent of float rise 8.4 percentage points. While WKHS saw higher short interest from the last report, the stock is still less heavily bet against than it was at the start of the year. Of the 20 stocks to see the biggest increases, WKHS is the only one that this applies to.

1 2 3
View single page >> |

Click here to view Bespoke’s premium membership options for our best research ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.