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Article: United States : Stocks Advancing Amid Heavy Short Interest - Unisys Corp, First Midwest Bancorp Inc, Pier 1 Imports Inc, Cavium Networks Inc.
- Article from:
- TendersInfo
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As explained in our education section, short interest is a useful sentiment indicator that measures the level of investor pessimism toward a stock. While it isn't always a simple "long only" indicator, it can give you insight into situations where you might see concentrated buying demand. The purpose of this post is to highlight heavily-shorted stocks that could be in the midst of a potential short covering rally. More details about the methodology are listed below.
Companies included in today's scan are: Unisys Corp. (UIS), First Midwest Bancorp Inc (FMBI), MBIA Inc (MBI), Dollar Thrifty Automotive Group (DTG), Brunswick (BC), Midwest Banc (MBHI), NetSuite Inc. ...