9 Stocks That Should Be on Every Contrarian's Radar

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Includes: ALGT, CVBF, NFLX, OZRK, QDEL, RINO, STRA, TRLG
by: Kapitall

If you're a contrarian looking for stocks being affected by excessive pessimism, this list might offer a good starting point. All of these stocks have short floats in excess of 20%, bearish options sentiment (i.e. high Put/Call ratios) and have seen institutional outflows over the last 3 months.

Institutional trading data sourced from Reuters.com, short float data sourced from Finviz and options data sourced from Schaeffers.



1. Netflix, Inc. (NASDAQ:NFLX): Music & Video Stores Industry. Market cap of $7,628B. Short float at 20.56%, which implies a short ratio of 2.36 days. Call open interest at 92,913 contracts vs. put open interest at 96,678 contracts (Put/Call ratio at 1.04). Institutional investors currently own 46,970,617 shares vs. 54,832,188 shares held 3 months ago (-14.34% change). The stock has gained 236.99% over the last year.

2. Allegiant Travel Company (NASDAQ:ALGT): Regional Airlines Industry. Market cap of $769M. Short float at 23.99%, which implies a short ratio of 13.95 days. Call open interest at 1,949 contracts vs. put open interest at 4,287 contracts (Put/Call ratio at 2.2). Institutional investors currently own 19,846,596 shares vs. 21,221,090 shares held 3 months ago (-6.48% change). The stock has gained .21% over the last year.

3. Global Indemnity plc (NASDAQ:GBLI): Property & Casualty Insurance Industry. Market cap of $496M. Short float at 28.26%, which implies a short ratio of 7.99 days. Call open interest at 65 contracts vs. put open interest at 72 contracts (Put/Call ratio at 1.11). Institutional investors currently own 15,109,296 shares vs. 15,707,996 shares held 3 months ago (-3.81% change). The stock has gained 26.2% over the last year.

4. CVB Financial Corp. (NASDAQ:CVBF): Regional Bank. Market cap of $750M. Short float at 23.36%, which implies a short ratio of 15.76 days. Call open interest at 3,976 contracts vs. put open interest at 46,654 contracts (Put/Call ratio at 11.73). Institutional investors currently own 64,694,092 shares vs. 65,527,254 shares held 3 months ago (-1.27% change). The stock has lost -2.35% over the last year.

5. Quidel Corp. (NASDAQ:QDEL): Diagnostic Substances Industry. Market cap of $324M. Short float at 25.37%, which implies a short ratio of 22.62 days. Call open interest at 4,536 contracts vs. put open interest at 5,835 contracts (Put/Call ratio at 1.29). Institutional investors currently own 25,309,131 shares vs. 25,598,938 shares held 3 months ago (-1.13% change). The stock has lost -31.05% over the last year.

6. Bank of the Ozarks, Inc. (NASDAQ:OZRK): Regional Bank. Market cap of $627M. Short float at 22.72%, which implies a short ratio of 35.79 days. Call open interest at 108 contracts vs. put open interest at 362 contracts (Put/Call ratio at 3.35). Institutional investors currently own 14,143,727 shares vs. 14,269,617 shares held 3 months ago (-0.88% change). The stock has gained 50.41% over the last year.

7. Strayer Education Inc. (NASDAQ:STRA): Education & Training Services Industry. Market cap of $2,084B. Short float at 22.95%, which implies a short ratio of 10.89 days. Call open interest at 4,172 contracts vs. put open interest at 8,783 contracts (Put/Call ratio at 2.11). Institutional investors currently own 17,426,681 shares vs. 17,552,550 shares held 3 months ago (-0.72% change). The stock has lost -26.27% over the last year.

8. RINO International Corporation (OTC:RINO): Pollution & Treatment Controls Industry. Market cap of $395M. Short float at 52.87%, which implies a short ratio of 7.64 days. Call open interest at 15,507 contracts vs. put open interest at 16,473 contracts (Put/Call ratio at 1.06). Institutional investors currently own 7,799,895 shares vs. 7,851,746 shares held 3 months ago (-0.66% change). The stock has gained 2.83% over the last year.

9. True Religion Apparel Inc. (NASDAQ:TRLG): Apparel Clothing Industry. Market cap of $468M. Short float at 25.07%, which implies a short ratio of 14.19 days. Call open interest at 3,615 contracts vs. put open interest at 3,775 contracts (Put/Call ratio at 1.04). Institutional investors currently own 27,051,610 shares vs. 27,212,387 shares held 3 months ago (-0.59% change). The stock has lost -21.01% over the last year.


Disclosure: No positions