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CRR: Insiders vs. Shorts
Thursday, January 30, 2:21 PM ET, by Market News Video Staff

The most recent short interest data was recently released for the 04/15/2019 settlement date, and ...

Short Sellers Drawn To These Five Prem Watsa Holdings

By Market News Video Staff, Friday, January 11, 11:25 AM ET
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An examination of the most recent short interest data revealed these five Prem Watsa 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 Magicjack Vocaltec Ltd - Ordinary Shares (CALL) now has 24.60 days to cover.

Looking through the stocks held by Prem Watsa 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 Prem Watsa holding, the second column is the number of days to cover, the third column is the number of shares held at Fairfax Financial Holdings at last report, and the final column is the total number of shares short (in this way we can compare "Prem Watsa vs. The Shorts" as far as the relative positions).

Prem Watsa HoldingDays To CoverFairfax Financial Holdings SharesShort Interest
CALL 24.60 170,713 3,956,317
AP 15.94 200,000 500,115.0
CRR 12.92 330,000 8,771,647
CRAY 10.33 220,000 3,007,931
RSYS 9.02 65,000 1,805,879

As you can see, Magicjack Vocaltec Ltd - Ordinary Shares (CALL) is an interesting situation, as are Ampco-Pittsburgh Corp. (NYSE:AP), Carbo Ceramics Inc. (CRR), Cray Inc (CRAY), and Radisys Corporation (RSYS) why are short sellers attracted to these names, while Prem Watsa has the opposite view (i.e. Fairfax Financial Holdings 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 Prem Watsa stock picks is warranted for investors interested in keeping track of what Prem Watsa does with these positions (adds, reduces, or exits).


This Article's Word Cloud:   Ampco   Arial   Buffett   CALL   CRAY   Carbo   Ceramics   Fairfax   Financial   Holdings   Magicjack   Ordinary   Prem   RSYS   Shares   Vocaltec   Watsa   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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