20 Stocks Seeing Unusually High Trading Volume, Decreasing Shorts

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 |  Includes: A, AMTD, BRK.A, BTI, BUD, COH, DEO, HMC, HSBC, HTHIY, MFG, MU, NFLX, NMR, ORAN, PCRFY, TU, VE, VOD, WBK
by: Kapitall

Here we present 20 stocks that traded on high volume during Tuesday's session, with relative volume above 2 (a multiple of the three-month average of trading volume). In other words, these stocks saw more than double the average trading volume during yesterday's session.

In addition, all of these stocks have seen a significant decrease in the number of shares shorted month-over-month.

Short sellers seem to think that the upside potential outweighs the downside of these names. What do you think? Full details below.

Short data sourced from Yahoo! Finance, all other data sourced from Finviz.

Click for expanded images


List sorted by decrease in shares shorted. (Note: Current month for shares shorted is month ending Feb. 28, 2011.)

1. Anheuser-Busch InBev (NYSE:BUD): Beverages Industry. Market cap of $90.93B. Relative volume at 2.94. Shares shorted decreased from 2.07M to 645.70K month-over-month (-68.81% change). The stock has gained 14.54% over the last year.

2. Panasonic Corporation (PC): Electronic Equipment Industry. Market cap of $25.11B. Relative volume at 8.27. Shares shorted decreased from 189.73K to 93.88K month-over-month (-50.52% change). The stock is currently stuck in a downtrend, trading 13.88% below its SMA20, 16.4% below its SMA50, and 16.04% below its SMA200. It's been a rough couple of days for the stock too, losing 9.27% over the last week.

3. British American Tobacco plc (NYSEMKT:BTI): Cigarettes Industry. Market cap of $77.56B. Relative volume at 3.39. Shares shorted decreased from 496.01K to 256.27K month-over-month (-48.33% change). BTI has a relatively low correlation to the market (beta = 0.58), which may be appealing to risk-averse investors. The stock has gained 21.69% over the last year.

4. Mizuho Financial Group, Inc. (NYSE:MFG):
Money Center Banks Industry. Market cap of $27.87B. Relative volume at 5.26. Shares shorted decreased from 1.84M to 972.21K month-over-month (-47.16% change). It's been a rough couple of days for the stock, losing 11.33% over the last week.

5. Vodafone Group plc (NASDAQ:VOD): Wireless Communications Industry. Market cap of $150.26B. Relative volume at 2.17. Shares shorted decreased from 12.72M to 7.64M month-over-month (-39.94% change). The stock has gained 32.18% over the last year.

6. Hitachi Ltd. (HIT): Electronic Equipment Industry. Market cap of $22.56B. Relative volume at 18.69. Shares shorted decreased from 236.86K to 148.63K month-over-month (-37.25% change). HIT has lost 22.64% over the last week.

7. TD AMERITRADE Holding Corporation (NASDAQ:AMTD): Investment Brokerage Industry. Market cap of $12.15B. Relative volume at 2.24. Shares shorted decreased from 22.62M to 14.87M month-over-month (-34.26% change). AMTD has lost 5.7% over the last week.

8. TELUS Corporation (NYSE:TU): Wireless Communications Industry. Market cap of $15.10B. Relative volume at 2.2. Shares shorted decreased from 144.23K to 96.07K month-over-month (-33.39% change). The stock has gained 44.67% over the last year.

9. HSBC Holdings plc (HBC): Foreign Money Center Banks Industry. Market cap of $187.47B. Relative volume at 1.92. Shares shorted decreased from 5.90M to 4.06M month-over-month (-31.19% change). The stock has gained 4.89% over the last year.

10. Nomura Holdings Inc. (NYSE:NMR): Investment Brokerage Industry. Market cap of $20.23B. Relative volume at 6.49. Shares shorted decreased from 1.18M to 814.95K month-over-month (-30.94% change). The stock is currently stuck in a downtrend, trading 17.35% below its SMA20, 18.84% below its SMA50, and 11.7% below its SMA200. It's been a rough couple of days for the stock, losing 8.72% over the last week.

11. France Telecom (FTE): Telecom Services. Market cap of $56.64B. Relative volume at 2.22. Shares shorted decreased from 1.07M to 742.23K month-over-month (-30.63% change). FTE has a relatively low correlation to the market (beta = 0.78), which may be appealing to risk-averse investors. The stock has lost 11.73% over the last year.

12. Agilent Technologies Inc. (NYSE:A): Scientific and Technical Instruments Industry. Market cap of $15.62B. Relative volume at 2.37. Shares shorted decreased from 4.08M to 3.18M month-over-month (-22.06% change). The stock has gained 34.61% over the last year.

13. Lubrizol Corporation (LZ): Specialty Chemicals Industry. Market cap of $8.63B. Relative volume at 19.46. Shares shorted decreased from 1.39M to 1.09M month-over-month (-21.58% change). LZ is exhibiting strong upside momentum - currently trading 21.81% above its SMA20, 23.83% above its SMA50, and 32.72% above its SMA200. The stock has had a couple of great days, gaining 28.05% over the last week.

14. Diageo plc (NYSE:DEO): Beverages Industry. Market cap of $47.62B. Relative volume at 2.22. Shares shorted decreased from 1.12M to 888.04K month-over-month (-20.71% change). Risk-averse investors may appreciate that DEO has relatively low correlation to the market (beta = 0.75). The stock has gained 18.75% over the last year.

15. Coach Inc. (NYSE:COH): Apparel Footwear and Accessories Industry. Market cap of $15.71B. Relative volume at 3.22. Shares shorted decreased from 5.37M to 4.33M month-over-month (-19.37% change). The stock has gained 41.4% over the last year.

16. Honda Motor Co., Ltd. (NYSE:HMC): Auto Manufacturer. Market cap of $69.14B. Relative volume at 5.25. Shares shorted decreased from 939.46K to 759.18K month-over-month (-19.19% change). It's been a rough couple of days for the stock as well, losing 8.25% over the last week.

17. Netflix, Inc. (NASDAQ:NFLX): Music and Video Stores Industry. Market cap of $10.64B. Relative volume at 2.8. Shares shorted decreased from 12.44M to 10.29M month-over-month (-17.28% change). The stock has gained 189.08% over the last year.

18. Micron Technology Inc. (NASDAQ:MU): Semiconductor Industry. Market cap of $10.33B. Relative volume at 2.08. Shares shorted decreased from 62.73M to 51.90M month-over-month (-17.26% change). It's been a rough couple of days for the stock, losing 6.07% over the last week.

19. Westpac Banking Corporation (NYSE:WBK): Foreign Money Center Banks Industry. Market cap of $68.77B. Relative volume at 2.92. Shares shorted decreased from 133.88K to 112.43K month-over-month (-16.02% change). The stock has gained 0.41% over the last year.

20. Veolia Environnement S.A. (NYSE:VE): Electric Utilities Industry. Market cap of $14.96B. Relative volume at 2.99. Shares shorted decreased from 837.11K to 704.50K month-over-month (-15.84% change). The stock has lost 10.45% 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.