6 Overbought Stocks and Funds With Significant Short Interest

The following is a a list of overbought stocks, as defined by the RSI(14) indicator, that have a short float in excess of 15%. These stocks may have reached new highs, but will the inevitable short buybacks provide some support in the event of a pullback?

More detailed analysis follows below.



1. Athenahealth, Inc. (ATHN): Business Services Industry. Market Cap of $1.06B. Forward P/E at 37.06, and PEG ratio at 4.07. Short float at 34.57%, which implies a short ratio of 12.93 days. RSI(14) at 72.75. The stock has lost -16.47% over the last year.

2. OpenTable, Inc. (OPEN): Business Services Industry. Market Cap of $1.20B. PEG ratio at 2.84. Short float at 20.44%, which implies a short ratio of 15.04 days. RSI(14) at 72.36. The stock has gained 76.24% over the last year.

3. Superior Well Services Inc. (SWSI): Oil & Gas Equipment & Services Industry. Market Cap of $681.21M. Forward P/E at 21.26. Short float at 22.75%, which implies a short ratio of 3.43 days. RSI(14) at 71.95. The stock has gained 200.82% over the last year.

4. CMS Energy Corp. (CMS): Diversified Utilities Industry. Market Cap of $4.01B. Forward P/E at 12, and PEG ratio at 2.08. Short float at 18.26%, which implies a short ratio of 12.11 days. RSI(14) at 71.71. The stock has gained 36.79% over the last year.

5. iShares Barclays 20+ Year Treas Bond (TLT): ETF. Market Cap of $3.24B. Short float at 43.37%, which implies a short ratio of 1.73 days. RSI(14) at 71.19. The stock has gained 16.51% over the last year.

6. Netflix, Inc. (NFLX): Music & Video Stores Industry. Market Cap of $7.18B. Forward P/E at 35.92, and PEG ratio at 2.3. Short float at 16.63%, which implies a short ratio of 2.08 days. RSI(14) at 70.9. The stock has gained 208.43% over the last year.


Disclosure: No position