11 Rallying Tech Stocks With Bearish Short Trends
By Kapitall:Shares shorted is a great resource for checking the market’s sentiment on a stock. If a stock sees increases in shares shorted over time, short sellers are becoming more pessimistic on its outlook, and vice versa. Short trends are especially interesting when compared with stock performance. When a stock rallies while short sellers are becoming more pessimistic, it can mean that short sellers have been wrong and they’ll soon buy with the trend, or it can mean that the market has not yet recognized what short sellers have. We ran a screen on stocks from the tech sector rallying above their 20-day, 50-day, and 200-day moving averages for those with pessimistic trends from short sellers (increases in shares shorted) month-over-month.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.Complete Story »