S&P Stocks With the Highest Short Interest
Here’s 5 S&P mid-cap stocks with extraordinarily high short interest:
Alliance Data Systems Corp (NYSE:ADS): The Plano, TX-based company provides data-driven and transaction-based marketing solutions and customer loyalty solutions. The company has 50.39 million shares float. 36.8% of the shares float are short, or 18.458 million are shares short.
Boyd Gaming Corp (NYSE:BYD): The Las Vegas, NV-based company specializes in casino and gaming operations. The company has 54.47 million shares float. 33.3% of the shares float are short, or 18.1558 million are shares short.
Ciena Corporation (NASDAQ:CIEN): The Linthicum, MD-based company provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic. The company has 85.88 million shares float. 32.7% of the shares float are short, or 28.1394 million are shares short.
Green Mountain Coffee Roasters (NASDAQ:GMCR): The Waterbury, VT-based specialty coffee company is a distributor and marketer of their own coffee labels, as well as manufacturer of coffee brewing systems. The company has 103.42 million shares float. 27.6% of the shares float are short, or 28.5521 million are shares short.
Rackspace Hosting Inc (NYSE:RAX): The San Antonio, TX-based IT hosting and cloud computing company has 97.87 million shares float. 23.5% of the shares float are short, 23.0317 million are shares short.
Short interest can be determined by dividing the number of shares being sold short (i.e. a bet on the downward direction of the stock) by the number of shares being float to the public.
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