Solar Stocks Sought By Short Sellers This Week
Visa and some of the solar stocks are among the names most sought by short sellers this week, according to Locatestock.com.
As of yesterday, the top five stocks sought by shorts this week were as follows:
iShares MSCI Emerging Markets Index
iShares FTSE/XinhuaChina 25 Index
There is also interest by short sellers in Canadian Solar and SunPower , and they were in the top 10 stocks being sought this week, says John Tabacco, ceo of Locatestock.com.
Lehman has been a perennial on the list. Tabacco says he's also noticed that XLF, the Financial Select Sector SPDR is in his company's top 10.
"The GM is very interesting because our customers only come to us when they can't find liquidity from their prime or clearing firm. GM is typically easy to borrow and the fact that it is beginning to show up, as our most active, tells me that the major brokers are no longer viewing GM as easy to borrow," said Tabacco. That means there is more shorting interest building in GM, he said.
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