Sunedison Inc SUNE 36.76% has topped the list of most popular shorts for the second week in a row. FIS typically doesn’t have the same company atop its U.S. short list two weeks in a row, but the firm believes SunEdison deserves the honor.

“It is relatively unusual to choose the same top pick across two consecutive weeks, but following some major problems at SunEdison and the threat of an impending bankruptcy, its selection this week is more than justified,” FIS explained.

The firm also noted that the 35 percent decline in SunEdison borrow volume in the last week was likely due to the limited amount of downside remaining in a SunEdison short play at this point. The stock currently trades at under $0.40, and long-time shorts have begun cashing out their winnings.

FIS believes…

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