Most-Hated NYSE Stocks During September Sell-Off

Wall St. Watchdog reveals a list of the 10 most-shorted stocks on the NYSE as of Sep 30th:

  1. SPDR S & P 500 (NYSE:SPY): This company had 438,057,877 shares sold short as of Sep 30th, as compared to 536,082,542 on Sep 15th, which represents a change of -98,024,665 shares, or -18.3%. Days to cover for this company is 1 and average daily trading volume is 302,573,597. About the company: SPDR S&P 500 ETF Trust is a unit investment trust incorporated in the United States. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index.
  2. iShares Russell 2000 (NYSE:IWM): This company had 277,132,414 shares sold short as of Sep 30th, as compared to 275,921,520 on Sep 15th, which represents a change of 1,210,894 shares, or 0.4%. Days to cover for this company is 3 and average daily trading volume is 84,983,396. About the company: iShares Russell 2000 Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the Russell 2000 Index Fund. The Index measures the performance of the small-capitalization sector of the U.S. equity market. The Fund uses a Representative Sampling strategy to try to track the Index.
  3. SPDR Select Sector Fund – Fina (NYSE:XLF): This company had 220,314,788 shares sold short as of Sep 30th, as compared to 216,428,000 on Sep 15th, which represents a change of 3,886,788 shares, or 1.8%. Days to cover for this company is 2 and average daily trading volume is 112,345,894. About the company: Financial Select Sector SPDR Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective is to provide investment results that, before expenses, correspond to the performance of The Financial Select Sector. The Index includes financial services firms whose business’ range from investment management to commercial & business banking.
  4. Bank of America Corporation Co (NYSE:BAC): This company had 204,026,911 shares sold short as of Sep 30th, as compared to 221,999,356 on Sep 15th, which represents a change of -17,972,445 shares, or -8.1%. Days to cover for this company is 1 and average daily trading volume is 266,825,335. About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  5. Ford Motor Company Common Stoc (NYSE:F): This company had 141,316,336 shares sold short as of Sep 30th, as compared to 157,135,464 on Sep 15th, which represents a change of -15,819,128 shares, or -10.1%. Days to cover for this company is 2 and average daily trading volume is 58,872,930. About the company: Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
  6. General Electric Company Commo (NYSE:GE): This company had 112,659,844 shares sold short as of Sep 30th, as compared to 141,398,929 on Sep 15th, which represents a change of -28,739,085 shares, or -20.3%. Days to cover for this company is 2 and average daily trading volume is 74,725,710. About the company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.
  7. Advanced Micro Devices, Inc. C (NYSE:AMD): This company had 94,258,660 shares sold short as of Sep 30th, as compared to 93,724,456 on Sep 15th, which represents a change of 534,204 shares, or 0.6%. Days to cover for this company is 3 and average daily trading volume is 31,091,396. About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.
  8. Sprint Nextel Corporation Com (NYSE:S): This company had 92,813,808 shares sold short as of Sep 30th, as compared to 105,586,165 on Sep 15th, which represents a change of -12,772,357 shares, or -12.1%. Days to cover for this company is 2 and average daily trading volume is 50,240,215. About the company: Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone.
  9. iShares MSCI Emerging Index Fu (NYSE:EEM): This company had 92,050,692 shares sold short as of Sep 30th, as compared to 68,049,200 on Sep 15th, which represents a change of 24,001,492 shares, or 35.3%. Days to cover for this company is 1 and average daily trading volume is 90,934,745. About the company: iShares MSCI Emerging Markets Index is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond generally to the price and yield performance of the MSCI TR Emerging Markets Index. The Fund will concentrate its investments in a particular industry or geographic region to approximately the same extent the Index is so concentrated.
  10. Pfizer, Inc. Common Stock (NYSE:PFE): This company had 88,105,665 shares sold short as of Sep 30th, as compared to 111,051,039 on Sep 15th, which represents a change of -22,945,374 shares, or -20.7%. Days to cover for this company is 2 and average daily trading volume is 50,873,818. About the company: Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals. The Company’s products include prescription pharmaceuticals, non-prescription self-medications, and animal health products such as anti-infective medicines and vaccines.

(HERE” target=_blank>DATA ARE SOURCED FROM HERE.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet