The semiconductor rotation and memory stock profit taking puts investors in a bind trying to call the top. But where exactly are bears piling their money into?
The below screen finds stocks where the shorts might be at a big loss and therefore likely to begin covering. Obviously, there are quite a few assumptions so these would be very rough estimates.
To estimate the return for the shorts, Rocky went back over the past year of short interest reports to find when the shorts were added. Then he used the average price over the prior two weeks and estimated the shorts were added at that average price. Below are stocks where significant shorts have been added and they could be at a big loss.
Bear in mind, this data is from the most recent reporting period (7/1).
The list is sorted by short interest change in the last 30 days. Beyond the regulars like Nebius (NBIS) and D-Wave Quantum (QBIS), utility stock GE Vernova (GE) has seen a massive build lately, as has cruise stock Viking Holdings (VIK).