Best Performing Stocks? Those with High Short Interest

As the market has rallied the past three weeks, the best performing stocks to the upside have been stocks with very high short interest. NFLX, SNDA, GMCR are among the names that have seen the sharpest rallies during this time. With the rally showing staying power for the time being, I thought it might be helpful to list the Nasdaq stocks that saw the biggest percentage increase in short interest from February 27^th-March 13^th. I have listed this group of stocks below:

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NETC, NTES, SWHC, DRIV, NTRS and PMCS each have rising 50 day moving averages and all of them trade above their 150 day moving averages. Should the market rally continue, these six stocks could see further moves to the upside as shorts are forced to cover their positions.

Disclosure: The author does not have a position in any of the aforementioned companies in this report.

Comments

[dmz50:]

That's cool.

Apr 09 04:36 PM