Beating Back the Short Attackhttp://www.fool.com/investing/value/2008/04/04/beating-back-the-short-attack.aspx Rich Duprey
April 4, 2008
Since everyone loves a winner, it's reasonable to assume that everyone hates a loser -- everyone but short sellers, at least. These contrarian investors bet that hot stocks are primed to fall, and they're aiming to turn their pessimism into potential profits.
This week, let's look at companies on the New York Stock Exchange with the biggest decline in the number of shares short. Combining that with the collective intelligence of Motley Fool CAPS, we'll see which of these companies Fools believe have the power to make short work of short sellers.
Shares-short data courtesy of wsj.com. CAPS rating courtesy of Motley Fool CAPS. Share counts in millions. Float is number of shares available for trading.
Of course, this isn't a list of stocks to buy -- or short! These stocks could have serious problems that warrant their short interest, but they might also be stricken by short-term troubles. Only Foolish due diligence will tell you for certain; our 95,000-strong CAPS community just offers a good place to start. Yet most of these companies are generally well-liked, as most have garnered three stars or better on their CAPS ratings.