24/7 Wall St. » MR

Short Seller Swarm: Highest Days To Cover (CADX, DMND, TSLA, OMEX, PACR, MNKD, WAVX, ENER, NTRI, ZIXI, MR, ZZ, RCI, MNI, HGG, AM, BPI, LTM)

Administrator — Tue, 27 Sep 2011 15:13:51 +0000

Many investors track the largest increase in short selling, but there is another crucial way to look at short interest: the days to cover often tells just how actively shorted a stock is, as does a large percentage of its float. More importantly, these often represent a longer-term bias by the trading community. We have tracked the NASDAQ and NYSE short interest data today to screen for companies with the highest days to cover ratios (all are over one months of trading volume). We also looked for a high percentage of its shares outstanding or its float to be in the short interest. Almost all of these also had an increase in the period from August 31 to September 15 settlement dates.

The NASDAQ stocks which fit this bill are as follows: Cadence Pharmaceuticals, Inc. (NASDAQ: CADX); Diamond Foods, Inc. (NASDAQ: DMND); Tesla Motors, Inc. (NASDAQ: TSLA); Odyssey Marine Exploration, Inc. (NASDAQ: OMEX); Pacer International, Inc. (NASDAQ: PACR); MannKind Corporation (NASDAQ: MNKD); Wave Systems Corporation (NASDAQ: WAVX); Energy Conversion Devices, Inc. (NASDAQ: ENER); NutriSystem Inc. (NASDAQ: NTRI); and Zix Corporation (NASDAQ: ZIXI).

The NYSE stocks which fit this bill, except for one, are as follows: Mindray Medical International (NYSE: MR); Sealy Corporation (NYSE: ZZ); Rogers Communication, Inc. (NYSE: RCI); The McClatchy Company (NYSE: MNI); HHGregg, Inc. (NYSE: HGG); American Greetings Corporation (NYSE: AM); Bridgepoint Education, Inc. (NYSE: BPI); and Life Time Fitness (NYSE: LTM).

We only looked at companies with an average volume of more than 250,000 shares and have added some loose color on these if applicable.

Filed under: Short Interest, Trading Alert Tagged: AM, BPI, CADX, DMND, ENER, HGG, LTM, MNI, MNKD, MR, NTRI, OMEX, PACR, RCI, TSLA, WAVX, ZIXI, ZZ

Top Analyst Upgrades and Downgrades (ALL, CAH, GE, MR, MON, OC, RNOW, SPG)

Administrator — Wed, 29 Dec 2010 13:03:06 +0000

The week between Christmas and New Years is often a quiet week for research. That is the case here. These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Allstate Corporation (NYSE: ALL) Reiterated Outperform and $40 target at Credit Suisse.
Cardinal Health Inc. (NYSE: CAH) Reiterated Hold at Argus.
General Electric Co. (NYSE: GE) Maintained Hold at Argus.
Mindray Medical International Limited (NYSE: MR) Started as Buy at Jefferies.
Cardinal Health Inc. (NYSE: MON) Reiterated Hold at Argus.
Owens Corning (NYSE: OC) Maintained Neutral but Target raised to $33 at BofA/ML.
RightNow Technologies Inc. (NASDAQ: RNOW) Raised to Overweight at Piper Jaffray.
Simon Property Group. Inc. (NYSE: SPG) Reiterated Outperform with $122 target at Credit Suisse.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: ALL, CAH, GE, MON, MR, OC, RNOW, SPG

Top Analyst Upgrades and Downgrades (BUD, BCS, CHKM, CMA, CSC, INTU, LEN, MR, NOK, OAS, RYL, SFD, TXN, TOL, VE)

Administrator — Fri, 10 Sep 2010 12:39:08 +0000

These are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes this morning:

Anheuser-Busch InBev (NYSE: BUD) Started as Buy at Jefferies.
Barclays plc (NYSE: BCS) Cut to Hold at Citigroup.
Chesapeake Midstream Partners (NASDAQ: CHKM) Started as Market Perform at Wells Fargo.
Comerica Inc. (NYSE: CMA) Raised to Outperform at KBW.
Computer Sciences Corp. (NYSE: CSC) Raised to Buy at Jefferies.
Intuit Inc. (NASDAQ: INTU) Cut to Neutral at UBS.
Lennar Corp. (NYSE: LEN) Started as Buy at KeyBanc.
Mindray Medical International Limited (NYSE: MR) Raised to Outperform at Macquarie.
Nokia Corporation (NYSE: NOK) Raised to Outperform at RBC.
Oasis Petroleum Inc. (NYSE: OAS) Started as Outperform at Wells Fargo.
Ryland Group (NYSE: RYL) Started as Buy at KeyBanc.
Smithfield Foods (NYSE: SFD) Cut to Neutral at JPMorgan.
Texas Instruments Inc. (NYSE: TXN) Maintained Buy but lowered price target at Jefferies.
Toll Brothers (NYSE: TOL) Started as Buy at KeyBanc.
Veolia Environnement (NYSE: VE) Cut to Underperform at BNP Paribas.

JON C. OGG

Filed under: Analyst Calls Tagged: BCS, BUD, CHKM, CMA, CSC, INTU, LEN, MR, NOK, OAS, RYL, SFD, TOL, TXN, VE

Top Analyst Downgrades (DNB, GG, HIG, MAS, MR, RMG)

247wallst — Tue, 09 Jun 2009 11:35:47 +0000

These are some of the top pre-market analyst downgrades and cautious research calls we have seen early this Tuesday morning with about two hours until the open:

Dun & Bradstreet (DNB) Started as Neutral at Baird.
Goldcorp (GG) Cut to Neutral at UBS.
Hartford Financial (HIG) Cut to Hold at Citigroup.
Masco (MAS) Cut to Sell at UBS.
Mindray Medical (MR) Cut to Neutral at Goldman Sachs.
Risk Metrics (RMG) Started as Neutral at Baird.

JON C. OGG

Posted in Analyst Calls Tagged: DNB, GG, HIG, MAS, MR, RMG

Top 10 Early Bird Analyst Upgrades & Downgrades (BBBY, BTI, PAG, VRTX, MT, STD, CRXL, FMCN, MR, OWW)

247wallst — Wed, 12 Nov 2008 07:06:37 +0000

These are the ten early bird analyst upgrades and downgrades we have seen early this morning with two and a half hours until the market opens:

Bed Bath & Beyond Raised (BBBY) Raised to Neutral from Sell at Goldman Sachs.
British American Tobacco (BTI) Raised to Buy at Goldman Sachs.
Penske Automotive (PAG) Raised to Buy at Goldman Sachs.
Vertex Pharmaceuticals (VRTX) Started as Buy at piper Jaffray.
Arcelor Mittal (MT) Cut to Sell from Buy at5 Citigroup.
Banco Santander (STD) Cut to Underweight at JPMorgan.
Crucell (CRXL) Cut to Hold at ING.
Focus Media (FMCN) Downgraded at Citigroup and Goldman Sachs (likely others as well).
Mindray Medical International (MR) Downgraded at Citigroup and Goldman Sachs.
Orbitz Worldwide (OWW) Cut to Sell at Goldman Sachs.

Jon C. Ogg
November 12, 2008

Posted in Analyst Calls Tagged: BBBY, BTI, CRXL, FMCN, MR, MT, OWW, PAG, STD, VRTX