Schaeffer's Trading Floor Blog
Stocks quoted in this article:

As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on yesterday's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.

Note - more information on short interest can be found by by clicking here.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Movie Gallery, Inc. (MOVI) 22.4 20.5 29.45 -1.80
Netflix, Inc. (NFLX) 8.3 40.6 9.78 4.50
priceline.com Incorporated (PCLN) 7.5 34.4 26.21 -2.34
Albany Molecular Research, Inc. (AMRI) 6.5 11.6 9.88 -1.93
eCollege.com (ECLG) 6.3 16.9 12.70 -2.60
Jupitermedia Corporation (JUPM) 5.9 18.3 13.93 1.01
bebe stores, inc. (BEBE) 5.9 30.5 33.68 -0.62
Commerce Bancorp, Inc. (CBH) 5.5 20.4 30.85 1.78
McMoRan Exploration Company (MMR) 5.3 41.3 20.86 0.62
A.S.V., Inc. (ASVI) 5.2 20.6 39.69 0.03

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At the Open

by 3/29/2005 9:44 AM
Stocks quoted in this article:

As expected, the major indices opened under pressure...

However, the moves are mainly muted as most groups are within half a percentage point of breakeven. The bulls have not staged an impressive showing over the past two sessions so today's action is worth watching as the SPX and DJIA are still poised just above support.

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Close But No...

by 3/29/2005 9:17 AM
Stocks quoted in this article:

The bulls continued to bounce the S&P futures off their lows...but couldn't bring them into positive territory. The S&Ps sit a little more than two points below fair value as we head into the open...

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New Data

by 3/29/2005 8:56 AM
Stocks quoted in this article:

The good news is...I was able to get my short interest database updated with March data this morning so I will have my usual short interest scan just after the open. Also I hope to compile a downloadable/printable list of stocks with short interest to float for you later today...

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Stocks quoted in this article:

While futures are currently pointing to a lower open...


Chart Courtesy of Thomson/ILX

...it appears the bulls are trying to fight back. While the pre-open action is usually rather sleepy we are seeing some volatility this morning.

The headlines are mostly quiet. There is some continued chatter on the insurance sector as Hank Greenberg has stepped down as chairman of AIG and Warren Buffett has been called upon to answer some questions about transactions between Berkshire and AIG. However, I don't see this as a market mover. Most are blaming the weakness in US futures on a poor showing in foreign markets overnight.

The past two sessions have seen the bulls fail to capitalize on early strength so it will be interesting to see how early weakness plays out...


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