149 days ago • Posted by Charles-Henry Monchau

Heavily shorted stocks have been surging since the start of the year

Gamestop (GME) rallied 57.4% on Wednesday and was up another 27% yesterday, reaching one of the highest levels since November 2015. One likely factor behind the stock's move has been a short squeeze of the company's massive short base. For more than a year now, short interest as a percent of equity float has been around or well above 100%. The most recent reading as of the end of 2020 was 144.33%. In other words, there have been far more shares sold short than are available to trade. In the table below, Bespoke shows the 30 Russell 3000 stocks with the highest short interest as a percentage of equity float. Across these names, they are up for an average of 15.76% in 2021, with only three not in the green: National Beverage (FIZZ), Acutus Medical (AFIB), and B&G Foods (BGS). Including GME, the largest number (7) of these most heavily shorted stocks are retailers. In fact, Dillards (DDS) and Bed, Bath, & Beyond (BBBY) both find themselves in the top 5 alongside GME. The former has over 90% of its float shorted while nearly two-thirds of BBBY's float is sold short - source: Bespoke

Russell 3000 stocks with the highest short interest as a % of Float