MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Their 200 Day Moving Average
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Notable Tuesday Option Activity: CMG, WHR, VLO
Tuesday, May 15, 1:27 PM ET, by Market News Video Staff

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...

SPDR S&P Homebuilders ETF Experiences Big Outflow
Friday, May 18, 10:54 AM ET, by Market News Video Staff

Symbols mentioned in this story: XHB, LOW, WHR, JCI Exchange traded funds (ETFs) trade just ...

Zendesk Moves Up In Market Cap Rank, Passing Flowserve Corp
Friday, May 18, 4:37 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Zendesk ...

January 2019 Options Now Available For Flowserve (FLS)
Monday, May 21, 11:38 AM ET, by Market News Video Staff

Investors in Flowserve Corp (FLS) saw new options begin trading today, for the January 2019 ...

WHR Makes Bullish Cross Above Critical Moving Average
Tuesday, May 22, 11:24 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Whirlpool Corp (WHR) crossed above their 200 day moving ...

The New #58 Most Shorted S&P 500 Component: Whirlpool

By Market News Video Staff, Wednesday, July 26, 1:40 PM ET
Play Video: What Short Interest Means


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The most recent short interest data has been released for the 07/14/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

In our new rank based on the most recent short interest data, Whirlpool Corp (NYSE:WHR) has taken over the position of #58 most shorted S&P 500 component, from Flowserve Corp (NYSE:FLS) which is now in the #75 spot. The "days to cover" at 07/14/2017 was 8.79 for WHR, and 7.73 for FLS; this compares to the average across all S&P 500 components of 4.90 (up from the average back on the 06/30/2017 settlement date of 3.90). The chart below shows the movement over time of the "days to cover" values of both WHR and FLS, versus the average S&P 500 component.

Below is a chart showing the relative positions of WHR versus FLS over time within the 500 S&P 500 components, with #1 representing the component with the highest "days to cover" value (most heavily shorted) and #500 representing the component with the lowest "days to cover" value (least heavily shorted):

A stock with a high "days to cover" value compared to its peers would be considered to have a higher level of short interest as compared to those peers. This could mean short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the price of the stock will decline. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news short sellers might rush to cover positions, and if the "days to cover" number is high, it is more difficult to close those positions without sending the stock higher until the higher price produces enough sellers to generate the necessary volume.

Below is a three month price history chart comparing the stock performance of WHR vs. FLS:

WHR,FLS Relative Performance Chart

According to the ETF Finder at ETF Channel, WHR and FLS collectively make up 1.07% of the Vanguard Mid-Cap Value ETF (VOE) which is lower by about 0.1% on the day Wednesday.

See what other ETFs contain both WHR and FLS
See what other stocks are held by VOE


This Article's Word Cloud:   Arial   Below   Channel   Corp   Dividend   NYSE   afterLeftLabels   average   axisColor   background   because   beforeLeftLabels   bkgImage   bnkinvest   both   bottomBuffer   bottomLabels   bottomTableHeight   chart   chartBackgroundColor   clientId   close   compared   component   components   could   cover   daily   data   days   fillColor   high   higher   interest   metric   most   number   over   positions   price   sellers   shares   short   shorted   stock   that   total   value   volume   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

The New #58 Most Shorted S&P 500 Component: Whirlpool | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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.