Interactive Brokers – popular among the ‘smart money’ crowd – released the top 15 outstanding short positions of their customer as of April 17.
Again the Momentum names appear on this list from last week: Tesla, Amazon, Google, Netflix, Yelp… most which have seen some heavy price drops this past week.
A new notable entry on the list: Coeur d’Alene Mining (NYSE: CDM) : This stock is 50% off its 52 week high of $17/share and is trading at a new low of $8.43. When this many short sellers appear on a beaten down stock with negative revenue and no dividend, it’s usually a good sign that the company is cash strapped.
Another notable entry is Google Inc. (NASDAQ:GOOG) – the shorts are selling both A and C class shares alike. Perhaps the recent stock split was a desperate move to keep the shares afloat in a deflationary advertising budget environment? The amount of insider selling at Google would seem to indicate as much.
Top 15 Outstanding Short Positions as of 4/17:
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