Written on Wed, 07/14/2010 - 4:21am
By Chip Brian
Below are the top five companies in the Communications Equipment industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Parkervision (NASDAQ:PRKR) has a short interest ratio of 30.2 based on average daily volume of 187,000 shares and 5.7 million shares short. That equates to 13.7% of the 41.2 million shares outstanding.
UTStarcom (NASDAQ:UTSI) has a short interest ratio of 14.3 based on average daily volume of 817,000 shares and 11.7 million shares short. That equates to 8.9% of the 131.5 million shares outstanding.
ShoreTel (NASDAQ:SHOR) has a short interest ratio of 13 based on average daily volume of 100,000 shares and 1.3 million shares short. That equates to 2.9% of the 45 million shares outstanding.
Symmetricom (NASDAQ:SYMM) has a short interest ratio of 11.9 based on average daily volume of 106,000 shares and 1.3 million shares short. That equates to 2.9% of the 43.9 million shares outstanding.
InterDigital (NASDAQ:IDCC) has a short interest ratio of 10.7 based on average daily volume of 445,000 shares and 4.8 million shares short. That equates to 10.8% of the 44 million shares outstanding.
SmarTrend is bearish on shares of PRKR and our subscribers were alerted to Sell on June 07, 2010 at $1.66. The stock has fallen 47% since the alert was issued.
RSS