9 Stocks Reaching New Highs That Are Being Avoided by Short Sellers
Kapitall submits:
The following is a list of stocks that have just rallied to a new high. Short sellers, it seems, don’t think the upward momentum of these stocks will be reversing any time soon. The details of our screen are as follows:
- All stocks have just reached a new high on significant volume (we focus on relative volume, which measures this morning’s volume change to the 3 month average volume).
- All stocks have short ratios lower than two days (meaning that it will take less than two days of trading volume to cover all short positions).
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