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20 Stocks Seeing Short Covering That Are Loved By Hedge Funds

Published 12/12/2012, 04:04 AM
Updated 07/09/2023, 06:31 AM
Screen Criteria

:

List of stocks with significant institutional buying, along with recent short covering.

Average Weekly Returns:

Average 1-Week Return of All Stocks Mentioned Below: 0.76%

Average 1-Month Return of All Stocks Mentioned Below: 3.73%

Analysis of List Alpha:

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 6 out of 20 (30.0%)

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 8 out of 20 (40.0%)

Chart: Distribution of 1-Week Returns For All Stocks Mentioned Below
Distribution 5
Chart: Distribution of 1-Month Returns For All Stocks Mentioned Below
Distribution 1
1. First Solar, Inc. (FSLR): First Solar, Inc. manufactures and sells solar modules using a thin-film semiconductor technology. Net institutional shares bought during the most recent quarter at 4.7M shares (7.80% of float at 60.22M shares). Shares shorted currently at 25.86M vs. 28.22M shares shorted in the previous month (a decrease in short interest representing 3.92% of total float).

2. Lexmark International Inc. (LXK): Develops, manufactures, and supplies printing and imaging solutions for offices. Net institutional shares bought during the most recent quarter at 3.7M shares (5.86% of float at 63.16M shares). Shares shorted currently at 16.16M vs. 16.80M shares shorted in the previous month (a decrease in short interest representing 1.01% of total float).

3. Alpha Natural Resources, Inc. (ANR): Engages in the production, processing, and sale of coal in the United States. Net institutional shares bought during the most recent quarter at 17.6M shares (8.07% of float at 218.15M shares). Shares shorted currently at 40.45M vs. 44.69M shares shorted in the previous month (a decrease in short interest representing 1.94% of total float).

4. Tesla Motors, Inc. (TSLA): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Net institutional shares bought during the most recent quarter at 9.8M shares (12.90% of float at 75.97M shares). Shares shorted currently at 29.63M vs. 31.12M shares shorted in the previous month (a decrease in short interest representing 1.96% of total float).

5. Clearwire Corporation (CLWR): Provides wireless broadband services. Net institutional shares bought during the most recent quarter at 43.7M shares (8.91% of float at 490.71M shares). Shares shorted currently at 38.89M vs. 50.87M shares shorted in the previous month (a decrease in short interest representing 2.44% of total float).

6. DeVry, Inc. (DV): Provides educational services worldwide. Net institutional shares bought during the most recent quarter at 4.8M shares (8.45% of float at 56.81M shares). Shares shorted currently at 7.85M vs. 9.52M shares shorted in the previous month (a decrease in short interest representing 2.94% of total float).

7. ADTRAN Inc. (ADTN): Designs, manufactures, markets, and services network access solutions that enable voice, data, video, and Internet communications across wireline and wireless networks worldwide. Net institutional shares bought during the most recent quarter at 11.0M shares (17.63% of float at 62.39M shares). Shares shorted currently at 9.35M vs. 10.48M shares shorted in the previous month (a decrease in short interest representing 1.81% of total float).

8. Power-One Inc. (PWER): Designs, manufactures, and markets power conversion and power management solutions for the renewable energy (RE), communications infrastructure, and other technology markets. Net institutional shares bought during the most recent quarter at 8.8M shares (8.73% of float at 100.79M shares). Shares shorted currently at 11.28M vs. 12.54M shares shorted in the previous month (a decrease in short interest representing 1.25% of total float).

9. Threshold Pharmaceuticals Inc. (THLD): Engages in the discovery and development of drugs targeting the microenvironment of solid tumors for patients living with cancer. Net institutional shares bought during the most recent quarter at 4.3M shares (9.52% of float at 45.18M shares). Shares shorted currently at 7.18M vs. 7.87M shares shorted in the previous month (a decrease in short interest representing 1.53% of total float).

10. Peabody Energy Corp. (BTU): Engages in the exploration, mining, and production of coal. Net institutional shares bought during the most recent quarter at 23.1M shares (8.64% of float at 267.26M shares). Shares shorted currently at 19.76M vs. 24.67M shares shorted in the previous month (a decrease in short interest representing 1.84% of total float).

11. Genomic Health Inc. (GHDX): Focuses on the development and global commercialization of genomic-based clinical laboratory services that analyze the underlying biology of cancer allowing physicians and patients to make individualized treatment decisions. Net institutional shares bought during the most recent quarter at 1.7M shares (10.30% of float at 16.51M shares). Shares shorted currently at 2.00M vs. 2.38M shares shorted in the previous month (a decrease in short interest representing 2.30% of total float).

12. Nanosphere, Inc. (NSPH): Develops, manufactures, and markets a molecular diagnostics platform, the Verigene System that enables genomic and protein testing on a single platform. Net institutional shares bought during the most recent quarter at 4.9M shares (19.41% of float at 25.25M shares). Shares shorted currently at 1.56M vs. 3.11M shares shorted in the previous month (a decrease in short interest representing 3.90% of total float).

13. Verint Systems Inc. (VRNT): Provides actionable intelligence solutions and value-added services worldwide. Net institutional shares bought during the most recent quarter at 1.7M shares (8.91% of float at 19.09M shares). Shares shorted currently at 2.41M vs. 2.71M shares shorted in the previous month (a decrease in short interest representing 1.55% of total float).

14. LeapFrog Enterprises Inc. (LF): Provides technology-based learning platforms worldwide. Net institutional shares bought during the most recent quarter at 6.6M shares (12.15% of float at 54.32M shares). Shares shorted currently at 10.23M vs. 10.88M shares shorted in the previous month (a decrease in short interest representing 1.20% of total float).

15. Columbia Sportswear Company (COLM): Engages in the design, development, sourcing, marketing, and distribution of outdoor apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. Net institutional shares bought during the most recent quarter at 1.2M shares (9.76% of float at 12.29M shares). Shares shorted currently at 2.65M vs. 2.80M shares shorted in the previous month (a decrease in short interest representing 1.20% of total float).

16. Lawson Products Inc. (LAWS): Distributes products and services to the industrial, commercial, institutional, and governmental maintenance, repair, and operations marketplace in the United States and Canada. Net institutional shares bought during the most recent quarter at 255.3K shares (6.08% of float at 4.20M shares). Shares shorted currently at 82.00K vs. 131.45K shares shorted in the previous month (a decrease in short interest representing 1.18% of total float).

17. Zumiez, Inc. (ZUMZ): Zumiez Inc., founded in 1978, is a mall-based specialty retailer providing sports-related apparel, footwear, equipment, and accessories. Net institutional shares bought during the most recent quarter at 1.2M shares (5.38% of float at 22.32M shares). Shares shorted currently at 2.80M vs. 3.54M shares shorted in the previous month (a decrease in short interest representing 3.31% of total float).

18. Higher One Inc. (ONE): Provides technology and payment services to the higher education industry in the United States. Net institutional shares bought during the most recent quarter at 3.3M shares (13.29% of float at 24.83M shares). Shares shorted currently at 10.76M vs. 12.50M shares shorted in the previous month (a decrease in short interest representing 6.96% of total float).

19. KBW Inc. (KBW): Operates as an investment bank specializing in the financial services industry in the United States and Europe. Net institutional shares bought during the most recent quarter at 1.9M shares (6.61% of float at 28.74M shares). Shares shorted currently at 2.68M vs. 4.66M shares shorted in the previous month (a decrease in short interest representing 6.89% of total float).

20. The Active Network, Inc. (ACTV): Offers application services technology and marketing access to community service and participatory sports organizations.. Net institutional shares bought during the most recent quarter at 2.4M shares (5.19% of float at 46.24M shares). Shares shorted currently at 3.67M vs. 4.74M shares shorted in the previous month (a decrease in short interest representing 2.31% of total float).

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