S&P 1500 Most Heavily Shorted Stocks

by: Bespoke Investment Group

Short interest figures for the end of October were released after the close on Monday. Blow we have updated our list of the most heavily shorted S&P 1500 stocks. The list below contains the 35 stocks in the S&P 1500 that have more than 25% of their free floating shares sold short. The majority of stocks shown are small caps, which is common to see when looking at short interest figures. Since small cap companies are less established, they tend to attract a greater number of skeptics relative to their more seasoned large cap peers. In total 22 of the 35 names on the list are small caps, nine are mid caps, and just four are large caps (CLF, JCP, X, and LEN).

For each stock on the list, we have also included their performance so far in November. Of the 35 stocks, just ten are down so far this month, while the remaining 25 are up. The biggest winners (or losers from the perspective of the short sellers) have been GT Advanced (GTAT) and 3D Systems (NYSE:DDD), which are both up 20%+ just this month alone. Overall, the average return of these 35 names has been a gain of 5.1% so far this month, even as the overall S&P 1500 is up just 0.50%. So far, there isn't much to be thankful for in November on the part of the short-sellers.