An examination of the most recent short interest data revealed these five John Paulson 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 International Seaways Inc (NYSE:INSW) now has 24.35 days to cover.
Looking through the stocks held by John Paulson 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 John Paulson holding, the second column is the number of days to cover, the third column is the number of shares held at Paulson & Co. at last report, and the final column is the total number of shares short (in this way we can compare "John Paulson vs. The Shorts" as far as the relative positions).
As you can see, International Seaways Inc (NYSE:INSW) is an interesting situation, as are Mallinckrodt plc (NYSE:MNK), TEGNA Inc (NYSE:TGNA), Brookdale Senior Living Inc (NYSE:BKD), and Mitel Networks Corporationhares (MITL) — why are short sellers attracted to these names, while John Paulson has the opposite view (i.e. Paulson & Co. 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 John Paulson stock picks is warranted for investors interested in keeping track of what John Paulson does with these positions (adds, reduces, or exits).
This Article's Word Cloud:ArialBrookdaleBuffettChannelCorporationharesCoverPaulsonDividendFollowingHoldingDaysINSWInternationalJohnMITLNYSEPaulsonSeawaysTGNAaveragecolumncouldcoverdailydatadaysfivefontfoundhctblstyleheldinterestmeasuredmetricmostnumberparticularlypositionsrecentsharesshortstockstocksthatthesethistotaltracktradedvolumewhatwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.