Tesla Takes The Lead In This Week's Hot Short-Selling Ideas

FIS Astec Analytics has released its latest weekly report on the hottest stocks among short sellers from the previous week. Here’s a look at how this week’s list shifted compared to last week’s list.

Top Pick: Tesla

Tesla Inc TSLA regained short sellers’ attention when the stock recently broke through $300 for the first time. FIS Astec reports more than 77 of the available supply of Tesla shares remain borrowed.

1. Twilio

Since Twilio Inc TWLO first hit the market last June, it has been a regular on the hot short list. Despite the fact that Twilio shares have plummeted from a 2016 peak above $68 to the low $30s, FIS Astec reports short sellers have continued to pile into the stock, and short interest reached a new all-time high within the past week.

2. SunPower

Renewable energy company SunPower Corporation SPWR has been good to short sellers in the past year, falling more than 68.2 percent. Despite large gains, short sellers remain bearish on the stock, as short interest hit a new 52-week high within the past week.

3. TherapeuticsMD

Short sellers are betting that the significant number of lawsuits against TherapeuticsMD Inc TXMD alleging mishandling of drug approval submissions and misleading statements by the company will eventually take down TherapeuticsMD. Since the end of January, more than 85 percent of the available supply of shares have been borrowed.

4. IMPINJ

Radio frequency identification solution provider IMPINJ Inc PI made its debut on the FIS Astec hot short list this week. Short interest in the July 2016 IPO has steadily risen since it hit the market, and more than 99 percent of the stocks available shares are now borrowed.

5. Sears

Sears Holding Corp SHLD has been another constant on the FIS Astec list for months, although the struggling retailer has repeatedly found ways to stave off bankruptcy. Despite an 18 percent gain in recent weeks, more than 90 percent of Sears’ available shares are currently borrowed.

Related Links: Short Sellers: What's It Mean For A Stock To Be 'Hard To Borrow'?

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