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Short interest figures for the middle of June were released earlier this week and as equities declined, short interest figures generally increased. The table below lists the 22 stocks in the S&P 1500 with short interest that is greater than 30% of their float.

As shown, most of these stocks are from the small cap S&P 600 index. In fact, of the 22 names listed, just six are not small cap stocks, and the only three large cap stocks making the list are Cliffs Natural (NYSE:CLF), GameStop (NYSE:GME), and US Steel (NYSE:X).

Given that the overall market has been down this month, it would be typical to see stocks with the highest short interest underperform. However, in what is continuing to be a frustrating year for short-sellers, the list of most heavily shorted stocks has actually declined less than the S&P 1500 so far this month (through 6/27).

One heavily shorted name not listed below is Tesla (NASDAQ:TSLA). The stock is not currently a member of the S&P 1500, but as of mid-June, its short interest as a percentage of float was a staggering 70%! So far this month, though, the stock is up nearly 12%. Ouch.

(click to enlarge)

Source: S&P 1500 Most Heavily Shorted Stocks