Short Sellers, Option Bears Flock to First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR) short interest spiked nearly 30% in the latest reporting period

Jul 27, 2016 at 3:05 PM
facebook X logo linkedin


Earlier, we looked at a couple of stocks burning short sellers on the heels of standout earnings reports. That most certainly isn't the case with First Solar, Inc. (NASDAQ:FSLR). Short interest on the solar stock has been booming -- as have bearish options bets -- and based on its dismal technicals, this collective skepticism is well-deserved.

Diving right in, among all stocks trading at least one million shares per day -- or that trade weekly options -- FSLR saw one of the 30 biggest increases in short interest during the most recent reporting period. Specifically, short interest on the solar stock spiked 29.4%, and now accounts for almost 15% of its float.

Meanwhile, the bears have been out in force in the options pits. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), FSLR's 50-day put/call volume ratio of 0.79 outstrips four-fifths of all readings recorded in the past year. In other words, traders have been placing bearish bets over bullish at an accelerated clip.

As alluded to, First Solar, Inc. (NASDAQ:FSLR) has brought this negativity upon itself, based on its failures on the charts. Last seen at $48.61, the stock sports a dreadful year-to-date loss of 26.3%. Plus, FSLR shares are currently running into a potential layer of resistance at their descending 60-day moving average.

Let us help you profit from market volatility. Target big gains in short order with a 30-day trial of Schaeffer's Weekly Volatility Trader!

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI