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...reasons that theses stocks are so heavily shorted is a combination of their trading volume, their numbers of shares outstanding, and their susceptibility to big price swings caused by news and rumors...
...General Electric (GE) used to be a fairly stable company with a fairly stable stock price. Problems with earnings, missed forecasts, and speculation about the health of its financial services division have made GE's stock volatile and sensitive to rumors. As of April 15, the short interest in GE dropped 6% compared to the measurement two weeks before to a total of 197 million shares. Over that period, GE traded an average of 136 million shares a day, so the short interest is tiny compared with the volume. For short sellers, that is a big plus. High trading volume...
...bank had a short interest of 1.237 billion shares. Its trading volume average of the prior two weeks was 532 million shares a day. Citi has an extraordinary 24% of its float sold short, a sign that a huge number of investors are willing to gamble against the share price. Citi's stock is subject to wild swings, in part because the short sellers in the company's shares have been "squeezed" more than once this year - forced to cover when the banks had good news. That covering magnified the rebound in Citi's share price. Citi is a "rumor...
...position in the stock fairly easy. Average trading volume per day is 10 million shares. As of April 15, there were 122.9 million shares sold short, down 13% in two weeks. Level 3 has two factors that short sellers love. It has awful financial prospects and a volatile share price. At the end of the last quarter, Level 3 had $6.3 billion in debt and almost no operating income. The company is constantly trying to restructure its balance sheet, is facing a number of shareholder class action suits, and its shares swing up and down rapidly. In early January, Level...
...while New Hampshire implements its new policy, many are wary of the slowly growing movement toward pay-for-rescue schemes. Howard Paul, former president of the Colorado Search and Rescue Board, worries that people will hesitate to call for help if they know it will come with a price tag. He points to numerous anecdotes in which people, fearing costs, have refused rescue despite grim injuries: a climber who hobbled down a 3,000-ft. mountain with a broken ankle; a woman who set out on her own to locate her missing husband; a lost and bewildered runner...