#8: United States Steel (NYSE:X)
Image: United States Steel Corp.
Total Short Interest:31,255,810 shares Percentage of Float: 21.8%
Company: Commodity prices have been a major headwind for U.S. Steel, which finally turned a profit this third quarter. Nonetheless, Goldman recently downgraded the firm to a sell.
#7: SUPERVALU (NYSE:SVU)
Total Short Interest:47,084,824 shares Percentage of Float: 22.5%
Company: Short interest remains high as the company’s debt-to-equity levels are staggeringly higher than its peers.
#6: AK Steel Holding Corp. (NYSE:AKS)
Image: AP Photo
Total Short Interest:23,769,185 shares Percentage of Float: 22.8%
Company: The company’s massive debt position has burdened the firm, which did not release guidance along with its most recent earnings announcement — a sign Wall Street frowns upon.
#5: J.C. Penney Co. (NYSE:JCP)
Image: Flickr/Dov Harrington
Total Short Interest:33,848,008 shares Percentage of Float: 25.2%
Company: J.C. Penney is embarking on an ambitious turn around plan with Apple’s former head of retail at the helm. Investors are slowly pulling back short activity.
#4: GameStop Corp. (NYSE:GME)
Total Short Interest:37,770,006 shares Percentage of Float: 27.6%
Company: The company remains a takeover target and has traded on that news.
#3: AutoNation Inc. (NYSE:AN)
Image: Wikimedia Commons
Total Short Interest:12,240,344 shares Percentage of Float: 32.1%
Company: A bevy of downgrades has left this auto seller with heavy short interest. Just this September Bank of America downgraded the company.
#2: Sears Holdings Corp. (NASDAQ:SHLD)
Image: By robinsonsmay on flickr
Total Short Interest:12,009,362 shares Percentage of Float: 32.4%
Company: Sears has struggled under its debt load, K-Mart acquisition and poor product mix. The company is hoping a resilient consumer will help boost it.
#1: First Solar Inc. (NASDAQ:FSLR)
Total Short Interest:20,335,825 shares Percentage of Float: 34.2%
Company: After Solyndra’s downfall, investors have been increasingly skeptical of clean tech firms. First Solar has faced difficulty securing some government loans, which have increased costs.
Article courtesy of Business Insider.