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Carl Icahn Vs. The Shorts: Five Surprising Holdings

By Market News Video Staff, Friday, January 11, 11:15 AM ET
Play Video: What Short Interest Means

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An examination of the most recent short interest data revealed these five Carl Icahn stocks with particularly high short interest, as measured by "days to cover." This metric is just one way to look at short data, but this is a metric we here at Holdings Channel find particularly useful because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. So for example we found that Amtrust Financial Services Inc (AFSI) now has 16.74 days to cover.

Looking through the stocks held by Carl Icahn for the most recent reporting period, we found the following five stand-outs with the highest levels of short interest as measured by the number of days to cover. The first column is the Carl Icahn holding, the second column is the number of days to cover, the third column is the number of shares held by Icahn at last report, and the final column is the total number of shares short (in this way we can compare "Carl Icahn vs. The Shorts" as far as the relative positions).

Carl Icahn HoldingDays To CoverIcahn SharesShort Interest
AFSI 16.74 18,418,732 7,833,551
HLF 10.60 35,227,904 14,207,860
WBT 7.39 10,082,660 10,904,732
HTZ 7.27 29,263,869 19,639,572
MTW 6.62 1,686,076 2,795,430

As you can see, Amtrust Financial Services Inc (AFSI) is an interesting situation, as are Herbalife Nutrition Ltd (NYSE:HLF), Welbilt Inc (NYSE:WBT), Hertz Global Holdings Inc (NYSE:HTZ), and Manitowoc Company Inc (NYSE:MTW) why are short sellers attracted to these names, while Carl Icahn has the opposite view (i.e. Icahn is long those stocks)? It could simply be a matter of differing viewpoint on valuation of each given stock, or there could be fundamental disagreements over what is happening at the business level and whether recent developments are positive or negative for that company's future success. Following quarterly 13F filings to keep track of Carl Icahn stock picks is warranted for investors interested in keeping track of what Carl Icahn does with these positions (adds, reduces, or exits).

This Article's Word Cloud:   AFSI   Amtrust   Arial   Buffett   Carl   Channel   Company   CoverIcahn   Dividend   Financial   Following   Global   Herbalife   Holdings   Icahn   NYSE   Services   average   column   could   cover   daily   data   days   five   font   found   hctblstyle   held   interest   measured   metric   most   number   particularly   positions   recent   shares   short   stock   stocks   that   these   this   total   track   traded   volume   what   with
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