S&P 1500 Most Heavily Shorted Stocks

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Includes: AN, BRLI, BYD, CALM, COCO, DMND, EBIX, ENTR, FSLR, ITOT, KBH, LL, NILE, NOG, OSGB, OUTR, SAFM, SAH, SHLD, SVNTQ
by: Bespoke Investment Group

The list below highlights the most heavily shorted stocks in the S&P 1500 (ISI) as a percentage of float. As shown, there are currently 28 stocks in the index that have at least 25% of their float sold short. Most of these names (21) come from the S&P 600 Small-Cap Index. There are only three large-cap stocks that made the list First Solar (NASDAQ:FSLR), AutoNation (NYSE:AN), and Sears (NASDAQ:SHLD), and ironically two of these three are among the largest holdings of Eddie Lampert's hedge fund.

So how are the most heavily shorted names as of June 30th doing this month? In the column farthest to the right, we highlight the performance of these names in July. As shown, the 28 names in the list are up an average of 0.02%, which is 21 bps less than the performance of the S&P 500 (NYSEARCA:SPY). The one stock where short sellers have hit the jackpot this month is Lumber Liquidators (NYSE:LL), which is down 28.2%. Without this one stock, the average performance of the stocks in the list below improves to 1.1%.

(Click chart to expand)

(Click chart to enlarge)