Several days ago, I examined the universe of extremely shorted names, coming up with 17 stocks that were up less than 10% YTD to see if there might be some opportunities to enjoy the type of action that Netflix (NFLX) has recently experienced (rallying massively after they reported). I suggested a couple of names that I thought might fall into that camp, and there were tons of great comments from readers on some of the other names. In any event, this is a theme that resonated with the Seeking Alpha universe that I think makes a lot of sense.
Today, I want to take another stab at the same universe of stocks, which was members of the Russell 3000 with market-caps above $1 billion that are up less than 10% YTD. While previously I was looking at companies with 30% or higher short-interest, today I want to focus on the names that have 20-30%. In case you don't think that this is "enough", keep in mind that NFLX short-interest had already come down and was "only" 18%. You can see this here, where it shows 10.1mm shares short as of 1/15, a decline from 13.2mm on 12/31/12.
Let's look at the 33 companies that made the cut:
READ MORE at Seeking Alpha