These Hated Stocks Are On Deck To Report Results
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As general market trends push the stock market lower, now is as good a time as any to have a look at a few ugly-Betty's. The stocks listed here are some of the least loved stocks, as measured by short interest, and they are all going to be reporting earnings this week. The short data was complied by Dataexplorers.
For bears, these stocks represent excellent shorting opportunities. And if you're still bullish on the market as a whole, these stocks might be good place to focus your counter-trend strategy.
Topping the list of market dogs is ITT Educational Services (NYSE: ESI). You might know them better as ITT Tech. With 39% short interest, this company is the least loved stock of them all. They will be reporting earnings on Thursday of this week.
Strayer Educational Services (Nasdaq: STRA) is also reporting earnings on Thursday. They are in the same category as ITT Tech, and have the fourth greatest amount of short interest (35%). There is sector based play driving short interest in both of these companies as for profit educators have come under intense scrutiny for their aggressive government loan practices and low employment rate for graduates.
Next up is snack food company, Diamond Foods (Nasdaq: DMND). There is 36% short interest in this stock and they will be reporting earnings on Tuesday. Given the defensive nature of this stock, it is defiantly worth keeping an eye on earnings to see what develops. The company is trying to rebound from a major accounting scandal.
Media company, Meredith Corp. (NYSE: MDP), has seen short interest increase 2% this month and the overall short interest now stands at 35%. They will be reporting earnings on Wednesday, April 25th.
Questcore Pharmaceuticals (Nasdaq: QCOR), with 34% short interest, is the final company listed in our top five. They are a drug company that focuses on hard to treat medical conditions. Shorts have been all over the name as they claim the company has been pumping up its sales with off-label indications of a drug that might not be that effective. Earnings are expected to be reported on Tuesday.
Although they are not in the top five, these two companies have the largest monthly change in short interest of those companies that will be reporting this week. Owens Illinois (NYSE: OI) (reports on Wednesday) has had an increase of 469% in short interest over the past month, and Vasco Data (Nasdaq: VDSI) stock has seen an increase in short interest of 246%. VSDI will be reporting earnings on Tuesday.
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For bears, these stocks represent excellent shorting opportunities. And if you're still bullish on the market as a whole, these stocks might be good place to focus your counter-trend strategy.
Topping the list of market dogs is ITT Educational Services (NYSE: ESI). You might know them better as ITT Tech. With 39% short interest, this company is the least loved stock of them all. They will be reporting earnings on Thursday of this week.
Strayer Educational Services (Nasdaq: STRA) is also reporting earnings on Thursday. They are in the same category as ITT Tech, and have the fourth greatest amount of short interest (35%). There is sector based play driving short interest in both of these companies as for profit educators have come under intense scrutiny for their aggressive government loan practices and low employment rate for graduates.
Next up is snack food company, Diamond Foods (Nasdaq: DMND). There is 36% short interest in this stock and they will be reporting earnings on Tuesday. Given the defensive nature of this stock, it is defiantly worth keeping an eye on earnings to see what develops. The company is trying to rebound from a major accounting scandal.
Media company, Meredith Corp. (NYSE: MDP), has seen short interest increase 2% this month and the overall short interest now stands at 35%. They will be reporting earnings on Wednesday, April 25th.
Questcore Pharmaceuticals (Nasdaq: QCOR), with 34% short interest, is the final company listed in our top five. They are a drug company that focuses on hard to treat medical conditions. Shorts have been all over the name as they claim the company has been pumping up its sales with off-label indications of a drug that might not be that effective. Earnings are expected to be reported on Tuesday.
Although they are not in the top five, these two companies have the largest monthly change in short interest of those companies that will be reporting this week. Owens Illinois (NYSE: OI) (reports on Wednesday) has had an increase of 469% in short interest over the past month, and Vasco Data (Nasdaq: VDSI) stock has seen an increase in short interest of 246%. VSDI will be reporting earnings on Tuesday.
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Diamond Foods article
Linda Segre on Apr 24, 2012 11:44 AMMark as Spam | Reply to this comment
Diamond Foods is not announcing earnings this week. The company is still in the process of restating its financials.