3 Companies Where Traders Are Shorting a Majority of Shares Float

The following three companies have a majority of their float sold short:

  1. Bridgepoint Education, Inc. (NYSE:BPI): 56.6% of its float is sold short as of April 29th.  About the company:  Bridgepoint Education, Inc. is a regionally accredited provider of postsecondary education services.  The Company offers associate’s, bachelor’s, master’s and doctoral programs in the disciplines of business, education, psychology, social sciences, and health services. Competitors to Watch: Apollo Group, Inc. (NASDAQ:APOL), Career Education Corp. (NASDAQ:CECO), American Public Education, Inc. (NASDAQ:APEI), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), Corinthian Colleges, Inc. (NASDAQ:COCO), Grand Canyon Education Inc (NASDAQ:LOPE), DeVry (NYSE:DV), Education Management Corp (NASDAQ:EDMC), Strayer Education, Inc. (NASDAQ:STRA), and The Washington Post Co. (NYSE:WPO).
  2. HHGregg, Inc. (NYSE:HGG): 53.0% of its float is sold short as of April 29th.  About the company:  hhgregg, Inc. retails video products, brand name appliances, audio products and accessories. Competitors to Watch: Best Buy Co., Inc. (NYSE:BBY), GameStop Corp. (NYSE:GME), CONN’S, Inc. (NASDAQ:CONN), Circuit City Stores, Inc. (CCTYQ), Funtalk China Hldgs. Ltd. (NASDAQ:FTLK), Rent-A-Center, Inc (NASDAQ:RCII), Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Systemax (NYSE:SYX) and Amazon.com (NASDAQ:AMZN)
  3. Barnes & Noble, Inc. (NYSE:BKS): 50.8% of its float is sold short as of April 29th.  About the company: Barnes & Noble, Inc. operates superstores and mall-based bookstores throughout the United States.  The Company operates book superstores under the names Barnes & Noble Booksellers, Bookstop, and Bookstar.  Barnes & Noble also operates bookstores in shopping malls under the names B. Dalton Bookseller, Doubleday Book Shops, and Scribner’s Bookstore. Competitors to Watch: eBay Inc. (NASDAQ:EBAY), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), Google Inc. (NASDAQ:GOOG), Costco Wholesale Corp. (NASDAQ:COST), Best Buy Co., Inc. (NYSE:BBY), OverStock.com (NASDAQ:OSTK), HSN (NASDAQ:HSNI), PC Mall, Inc. (NASDAQ:MALL), Target (NYSE:TGT) and Apple Inc. (NASDAQ:AAPL).

Note: Data on short positions is sourced from here.

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