15 Highly Shorted Stocks Being Dumped by Smart Money

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 |  Includes: AMED, ATPAQ, BKE, BKS, BPI, DOLE, KBH, KODK, NTRI, OSGB, OSTK, SAH, SPY, TZOO, WRLD, YGE
by: Kapitall

The following is a list of stocks with a high short float, meaning that a significant portion of the company's shares outstanding have been shorted. All of the stocks mentioned in this list have short floats higher than 15%. In addition, all of these stocks have seen institutional selling over the last three months.

Short sellers and institutional investors seem to think these companies are in trouble--what do you think? If you're a contrarian, this excessive pessimism might raise a flag. Full analysis below.

Institutional data sourced from Reuters and short float data sourced from Finviz.

click for expanded image

The list has been sorted by the change in institutional ownership over the last three months.

1. Amedisys Inc. (NASDAQ:AMED): Home Health Care Industry. Market cap of $799.2M. Institutional investors currently own 27,187,077 vs. 36,312,382 shares held three months ago (-25.13% change). Short float at 21.11%, which implies a short ratio of 10.87 days. The stock has lost -27.21% over the last year.

2. NutriSystem Inc. (NASDAQ:NTRI): Consumer Services Industry. Market cap of $513.29M. Institutional investors currently own 27,792,450 vs. 33,575,283 shares held three months ago (-17.22% change). Short float at 32.99%, which implies a short ratio of 26.43 days. The stock has lost -20.95% over the last year.

3. ATP Oil & Gas Corp. (ATPG): Independent Oil & Gas Industry. Market cap of $815.19M. Institutional investors currently own 27,436,882 vs. 30,779,664 shares held three months ago (-10.86% change). Short float at 42.78%, which implies a short ratio of 8.7 days. The stock has lost -0.31% over the last year.

4. Eastman Kodak Co. (EK): Photographic Equipment & Supplies Industry. Market cap of $1.27B. Institutional investors currently own 227,634,621 vs. 250,837,673 shares held three months ago (-9.25% change). Short float at 17.96%, which implies a short ratio of 8.54 days. The stock has gained 13.16% over the last year.

5. Travelzoo Inc. (NASDAQ:TZOO): Internet Information Providers Industry. Market cap of $719.09M. Institutional investors currently own 3,687,920 vs. 4,015,085 shares held three months ago (-8.15% change). Short float at 30.88%, which implies a short ratio of 6.14 days. The stock has gained 213.77% over the last year.

6. Dole Food Company Inc. (NYSE:DOLE): Food Industry. Market cap of $873.38M. Institutional investors currently own 43,825,273 vs. 47,163,622 shares held three months ago (-7.08% change). Short float at 19.43%, which implies a short ratio of 17.76 days. The stock has lost -15.02% over the last year.

7. Yingli Green Energy Holding Co. Ltd. (NYSE:YGE): Semiconductor Industry. Market cap of $1.59B. Institutional investors currently own 64,039,758 vs. 68,802,645 shares held three months ago (-6.92% change). Short float at 34.48%, which implies a short ratio of 2.23 days. The stock has lost -29.03% over the last year.

8. Bridgepoint Education, Inc. (NYSE:BPI): Education & Training Services Industry. Market cap of $814.63M. Institutional investors currently own 60,618,133 vs. 64,586,778 shares held three months ago (-6.14% change). Short float at 19.39%, which implies a short ratio of 16.78 days. The stock has gained 5.76% over the last year.

9. Buckle Inc. (NYSE:BKE): Apparel Stores Industry. Market cap of $1.75B. Institutional investors currently own 27,692,046 vs. 29,488,036 shares held three months ago (-6.09% change). Short float at 26.63%, which implies a short ratio of 13.54 days. The stock has gained 45.18% over the last year.

10. Overseas Shipholding Group Inc. (NYSEMKT:OSG): Shipping Industry. Market cap of $1.07B. Institutional investors currently own 27,150,145 vs. 28,762,767 shares held three months ago (-5.61% change). Short float at 18.52%, which implies a short ratio of 8.11 days. The stock has lost -8.99% over the last year.

11. World Acceptance Corp. (NASDAQ:WRLD): Credit Services Industry. Market cap of $762.16M. Institutional investors currently own 17,401,642 vs. 18,427,832 shares held three months ago (-5.57% change). Short float at 26.27%, which implies a short ratio of 19.99 days. The stock has gained 64.14% over the last year.

12. Sonic Automotive Inc. (NYSE:SAH): Auto Dealerships Industry. Market cap of $697.62M. Institutional investors currently own 33,452,536 vs. 35,299,684 shares held three months ago (-5.23% change). Short float at 16.65%, which implies a short ratio of 11.18 days. The stock has gained 46.14% over the last year.

13. Barnes & Noble, Inc. (NYSE:BKS): Specialty Retail Industry. Market cap of $796.53M. Institutional investors currently own 36,258,487 vs. 38,210,752 shares held three months ago (-5.11% change). Short float at 34.25%, which implies a short ratio of 16.83 days. The stock has lost -35.06% over the last year.

14. Overstock.com Inc. (NASDAQ:OSTK): Catalog & Mail Order Houses Industry. Market cap of $365.53M. Institutional investors currently own 12,658,154 vs. 13,308,994 shares held three months ago (-4.89% change). Short float at 17.34%, which implies a short ratio of 17.63 days. The stock has gained 9.11% over the last year.

15. KB Home (NYSE:KBH): Residential Construction Industry. Market cap of $1.09B. Institutional investors currently own 76,131,756 vs. 79,957,514 shares held three months ago (-4.78% change). Short float at 24.62%, which implies a short ratio of 6.71 days. The stock has lost -5.55% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.