The S&P 500 is off to a great start so far in 2017, climbing 1.4 percent in the first two weeks of the year. The big banks kicked off Q4 earnings season this week, and short sellers have been positioning themselves for what will surely be some extreme earnings volatility in coming weeks.
2017’s 5 Largest Upticks In Short Interest
Here’s a look at the five stocks that have seen the largest upticks in short interest so far in 2017, according to S3 Partners.
- Fitbit Inc FIT 0.65%: +16.3 percent.
- J C Penney Company Inc JCP 0.45%: +5.9 percent.
- Tempur Sealy International Inc TPX 0.64%: +5.7 percent.
- AGCO Corporation AGCO 1.25%: +4.9 percent.
- LogMeIn Inc LOGM 1.17%: +4.5 percent.
It’s not surprising that Fitbit is a popular short so far in 2017 after reports surfaced that the company experienced a disappointing holiday season. Disappointing holiday sales are also likely the driving force behind JCPenney’s rise in short interest as well.
2017’s 5 Largest Reductions In Short Interest
At the same time, short sellers are upping their bearish bets on the five stocks above, they are also covering their positions in a number of names ahead of earnings season. Here are…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
