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The table below highlights S&P 500 stocks with the highest short interest (>15%) relative to their free floating shares. Currently, there are only 13 stocks in the index that have more than 15% of their float sold short. Of these 13 names, just under half (six) are from the Consumer Discretionary sector (AN, SHLD, GME, NFLX, LEN, RSH).

One interesting name on the list is Netflix (NASDAQ:NFLX). Everytime the stock rallies we hear that it is a short covering rally, but if you look at the chart to the right that does not seem to be the case. Since the start of 2010 when NFLX really began to surge, short interest as a percentage of float is the same now as it was then.

Now, there are more than a few reasons why someone would sell a stock short, but a negative outlook on the stock in question is chief among them. That being said, while most people can think of more than a few reasons why the stocks listed below are heavily shorted, investors looking to go short or who are already short these names should be aware that they have a lot of company.