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How to find stocks with high short interest using Telechart

Posted on 4/26/2010
Why is this stock HMPR up 100% in last two days? May be because the hedge fund managers in Hampton are minting money in this momentum market. More likely because it has high short interest.



HMPR: Hampton Roads Bankshares

How can you find stocks like this easily using Telechart. Just follow the following steps:


  1. Create a easyscan with following criteria.
  2. Common Stocks
  3. Latest short interest = 90 plus rank.
  4. Price % change today>5% (value)
As of 11:30 AM you will get the following stocks meeting these conditions:
ACAT
BHS
BTFG
BXC
CACB
CASB
HAFC
HMPR
IBCA
IBCP
ICON
MBTF
MCBC
PHHM
RRR
SUPR
TDBK
TIBB
TWPG
UBFO
ZN

5comments

JAC1390 said...

The sceptre of GS testimony tomorrow appears to be wighing heavily on markets

etrain said...

this post makes zero sense to me. it's up 5% because it has high short interest? what number is that? current short interest? are you implying that their earnings/financing announcements have lead to a short squeeze? or are you implying that because it's flying high there's suddenly a ton of short interest?

Pradeep Bonde said...

HMPR has 13% of float short. At current volume trends it would take 32 days for all shorts to be covered. Ranked by relative short interest it is ranked in top 2% out of 6035 stocks. In last one week stocks ranked in top 10% by short interest are making big moves. The news or earnings does not matter.

Is It Possible said...

Since the stock has already made a move on upside what triggers the entry point?

e.g. CONN which has 21% short float

Pradeep Bonde said...

You have to have a method to trade and enter them. You can use first 2-5% breakout on high volume for entry.