The most recent short interest figures came out last week, and below we highlight the Russell 1,000 stocks with the highest short interest as a percentage of their equity float. Heavily shorted stocks typically outperform in a rising market and underperform in a declining market. So whichever way you think the market is headed, the names below offer up opportunities.
As shown, Tesla Motors (NASDAQ:TSLA), which just went public in June, has by far the highest short interest as a percentage of float (SIPF) in the Russell 1,000. Tesla's SIPF is nearly double that of Alliance Data (NYSE:ADS), which is the second most heavily shorted stock. A whopping 72.07% of TSLA's float is sold short. Some other widely followed stocks that are on the list include Sears Holdings (NASDAQ:SHLD), First Solar (NASDAQ:FSLR), Green Mountain Coffee (NASDAQ:GMCR), MGM Resorts (NYSE:MGM), NetFlix (NASDAQ:NFLX), Garmin (NASDAQ:GRMN), and US Steel (NYSE:X).
click to enlarge