The following is a list of heavily shorted stocks that are financially more stable than their competitors, when comparing the quick ratio and interest coverage ratios.
To create the list, we started with a universe of stocks with short float in excess of 20%. We then narrowed down the universe by only focusing on stocks that have higher quick ratios and interest coverage ratios when compared to their industries.
We're not going to go into detailed analysis for each company. The goal here is to give you a starting point for your own analysis.
Short float data sourced from Finviz, financial stability data and industry comps sourced from Reuters.
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1. Allegiant Travel Company (ALGT): Regional Airlines Industry. Market cap of $837.22M. Short float at 27.4%, which implies a short ratio of 16.94 days. MRQ Quick Ratio at 1.36 vs. industry average at 0.72. TTM Interest Coverage Ratio at 95.33 vs. industry average at 0.04.
2. Volcom Inc. (VLCM): Apparel Footwear & Accessories Industry. Market cap of $516.76M. Short float at 18.11%, which implies a short ratio of 21.88 days. MRQ Quick Ratio at 5.75 vs. industry average at 1.25. TTM Interest Coverage Ratio at 25.57 vs. industry average at 0.8.
3. Bio-Reference Laboratories Inc. (BRLI): Medical Laboratories & Research Industry. Market cap of $627.84M. Short float at 15.54%, which implies a short ratio of 21.56 days. MRQ Quick Ratio at 1.94 vs. industry average at 0.87. TTM Interest Coverage Ratio at 24.45 vs. industry average at 1.21.
4. Synaptics Inc. (SYNA): Computer Peripherals Industry. Market cap of $923.6M. Short float at 33.49%, which implies a short ratio of 16.04 days. MRQ Quick Ratio at 3.26 vs. industry average at 1.07. TTM Interest Coverage Ratio at 15.69 vs. industry average at 0.85.
5. Core Laboratories NV (CLB): Oil & Gas Equipment & Services Industry. Market cap of $3.54B. Short float at 20.47%, which implies a short ratio of 23.71 days. MRQ Quick Ratio at 1.03 vs. industry average at 0.96. TTM Interest Coverage Ratio at 10.95 vs. industry average at 4.66.
6. Cash America International, Inc. (CSH): Credit Services Industry. Market cap of $1.02B. Short float at 16.36%, which implies a short ratio of 18.39 days. MRQ Quick Ratio at 3.56 vs. industry average at 1.56. TTM Interest Coverage Ratio at 7.24 vs. industry average at 0.16.
7. Fair Isaac Corp. (FICO): Business Services Industry. Market cap of $1.02B. Short float at 15.64%, which implies a short ratio of 17.62 days. MRQ Quick Ratio at 2.89 vs. industry average at 2.71. TTM Interest Coverage Ratio at 5.68 vs. industry average at 0.53.
8. NutriSystem Inc. (NTRI): Consumer Services Industry. Market cap of $517.63M. Short float at 31.83%, which implies a short ratio of 18.25 days. MRQ Quick Ratio at 2.12 vs. industry average at 0.88. TTM Interest Coverage Ratio at 5.17 vs. industry average at 0.18.
9. Cabela's Inc. (CAB): Sporting Goods Stores Industry. Market cap of $1.3B. Short float at 24.00%, which implies a short ratio of 26.6 days. MRQ Quick Ratio at 2.23 vs. industry average at 1.12. TTM Interest Coverage Ratio at 5.12 vs. industry average at 0.72.
10. Greatbatch, Inc. (GB): Medical Appliances & Equipment Industry. Market cap of $546.84M. Short float at 11.07%, which implies a short ratio of 19.93 days. MRQ Quick Ratio at 1.61 vs. industry average at 1.33. TTM Interest Coverage Ratio at 2.97 vs. industry average at 1.73.
11. Delek US Holdings Inc. (DK): Oil & Gas Refining & Marketing Industry. Market cap of $399.69M. Short float at 11.93%, which implies a short ratio of 23.71 days. MRQ Quick Ratio at 0.39 vs. industry average at 0.08. TTM Interest Coverage Ratio at 2.88 vs. industry average at 0.16.
12. HEALTHSOUTH Corp. (HLS): Specialized Health Services Industry. Market cap of $1.7B. Short float at 13.61%, which implies a short ratio of 19.21 days. MRQ Quick Ratio at 1.29 vs. industry average at 0.87. TTM Interest Coverage Ratio at 2.01 vs. industry average at 1.21.
13. American Commercial Lines Inc. (ACLI): Shipping Industry. Market cap of $443.92M. Short float at 14.8%, which implies a short ratio of 16.56 days. MRQ Quick Ratio at 1 vs. industry average at 0.98. TTM Interest Coverage Ratio at 1.84 vs. industry average at 0.03.
14. Zoltek Companies Inc. (ZOLT): Industrial Electrical Equipment Industry. Market cap of $344.0M. Short float at 17.2%, which implies a short ratio of 24.78 days. MRQ Quick Ratio at 2.43 vs. industry average at 1.08. TTM Interest Coverage Ratio at 1.32 vs. industry average at 0.04.
Disclosure: No positions
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