The 10 Most Hated Stocks on the NYSE

Following is information on the ten most-shorted stocks on the New York Stock Exchange (NYSE:NYX) as of the end of May:

  1. SPDR S & P 500 (NYSE:SPY): This company had 334,784,766 shares sold short on 05 27 2011, as compared to 317,762,068 on 05 13 2011. This reporesents a change of 17,022,698, or 5.4%. Based on the average daily volume of 153,619,484 shares, it takes 2 days to cover the short position. 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. Jump Ahead in June with Top Insights and Winning Stock Ideas>>
  2. iShares Russell 2000 (NYSE:IWM): This company had 259,374,720 shares sold short on 05 27 2011, as compared to 242,414,429 on 05 13 2011. This reporesents a change of 16,960,291, or 7.0%. Based on the average daily volume of 59,600,715 shares, it takes 4 days to cover the short position. 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. Ford Motor Company (NYSE:F): This company had 164,494,886 shares sold short on 05 27 2011, as compared to 166,996,953 on 05 13 2011. This reporesents a change of -2,502,067, or -1.5%. Based on the average daily volume of 52,430,740 shares, it takes 3 days to cover the short position. 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. Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), AutoZone (NYSE:AZO), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).
  4. SPDR Select Sector Fund – Financial (NYSE:XLF): This company had 125,048,792 shares sold short on 05 27 2011, as compared to 103,479,995 on 05 13 2011. This reporesents a change of 21,568,797, or 20.8%. Based on the average daily volume of 65,595,489 shares, it takes 2 days to cover the short position. 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. Companies to Watch: Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
  5. Nokia Corporation (NYSE:NOK): This company had 107,444,050 shares sold short on 05 27 2011, as compared to 119,177,257 on 05 13 2011. This reporesents a change of -11,733,207, or -9.8%. Based on the average daily volume of 31,782,331 shares, it takes 3 days to cover the short position. About the company:  Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks.
  6. Sprint Nextel Corporation (NYSE:S): This company had 97,470,802 shares sold short on 05 27 2011, as compared to 90,618,491 on 05 13 2011. This reporesents a change of 6,852,311, or 7.6%. Based on the average daily volume of 68,913,120 shares, it takes 1 days to cover the short position. 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. Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Clearwire Corporation (NASDAQ:CLWR), Deutsche Telekom AG (DTEGY), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).
  7. SPDR S & P Retail ETF (NYSE:XRT): This company had 88,302,198 shares sold short on 05 27 2011, as compared to 82,236,350 on 05 13 2011. This reporesents a change of 6,065,848, or 7.4%. Based on the average daily volume of 10,149,967 shares, it takes 9 days to cover the short position. About the company:  SPDR S&P Retail ETF is an exchange-traded fund incorporated in the USA. The Fund’s objective is to replicate as closely as possible the performance of the S&P Retail Select Industry Index, an equal-weighted index. Competitors to Watch: Sears Holdings Corporation (NASDAQ:SHLD), Saks Incorporated (NYSE:SKS), Macy’s, Inc. (NYSE:M), Kohl’s Corporation (NYSE:KSS), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Dillard’s, Inc. (NYSE:DDS), Nordstrom, Inc. (NYSE:JWN), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), The TJX Companies (NYSE:TJX), Ross Stores (NASDAQ:ROST) and Target Corporation (NYSE:TGT).
  8. Frontier Communications Corp. (NYSE:FTR): This company had 88,031,346 shares sold short on 05 27 2011, as compared to 85,433,315 on 05 13 2011. This reporesents a change of 2,598,031, or 3.0%. Based on the average daily volume of 12,011,056 shares, it takes 7 days to cover the short position. About the company:  Frontier Communications Corporation provides communications services to rural areas and small and medium-sized towns and cities. The Company offers a variety of voice, data, and Internet, and television services.
  9. Bank of America Corporation (NYSE:BAC): This company had 87,790,669 shares sold short on 05 27 2011, as compared to 100,000,064 on 05 13 2011. This reporesents a change of -12,209,395, or -12.2%. Based on the average daily volume of 122,905,082 shares, it takes 1 days to cover the short position. 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. Competitors to Watch: Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
  10. EMC Corporation (NYSE:EMC): This company had 79,754,670 shares sold short on 05 27 2011, as compared to 76,721,040 on 05 13 2011. This reporesents a change of 3,033,630, or 4.0%. Based on the average daily volume of 15,744,548 shares, it takes 5 days to cover the short position. About the company: EMC Corporation provides enterprise storage systems, software, networks, and services. The Company’s products store, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms. EMC operates offices around the world. Competitors to Watch: International Business Machines Corp. (NYSE:IBM), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), Dell Inc. (NASDAQ:DELL), Western Digital Corp. (NYSE:WDC) , Brocade Communications Systems, Inc. (NASDAQ:BRCD), NetApp Inc. (NASDAQ:NTAP), and Red Hat, Inc. (NYSE:RHT).

Brand New Picks: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet