Short Interest in Saks Growing

Sep.11.09 | About: Saks Incorporated (SKS)

The short interest (as measured by Percent Shares Outstanding On Loan) for Saks Inc (NYSE:SKS) is up 16.97% over the past week and has hit a new 52 week high of 23.25%. When compared to other North America Multiline Retail companies, the short base is well above the average of 6.61% for the sector.

Over the past week the Negative Sentiment Indicator (DNS) for SKS was unchanged. It remains in the tenth decile, indicating a high amount of negative short sale sentiment for the security.

The Price Squeeze Indicator (DIPS) remained unchanged and continues to be in the first decile which indicates a low probability of a price squeeze.

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