Interactive Brokers – popular among the ‘smart money’ crowd – released the top 5 shorted stocks by sector as of today (April 15) and the top 5 largest short positions (4/11). It seems the energy sector is ripe for a correction like we called 2 days ago (April 13) with our “Short Big Oil” call.
Other notable entries: Blackberry ($BBRY) which has unsuccessfully been trying to put in a base, and a number of high profile banks such as Citigroup ($C) which has been trading well below its 200 day moving average.
Top 5 Shorted Securities as of 4/15:
Top 5 Largest Short Positions as of 4/11:
The content contained in this blog represents the opinions of the authors who may or may not hold long or short positions in securities of various companies discussed in the blog based upon the authors' views. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied solely upon in making investment decisions, ever. It is intended for the entertainment of the reader, and the authors. In particular this blog is not directed for investment purposes at US Persons.