Highest Short Interest in the Health Care Supplies Industry Detected in Shares of Quidel (QDEL, COO, WST, OSUR, STAA)
Below are the top five companies in the Health Care Supplies industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Quidel (NASDAQ:QDEL) has a short interest ratio of 17 based on average daily volume of 330,000 shares and 5.6 million shares short. That equates to 19.4% of the 28.9 million shares outstanding.
Cooper Cos (NYSE:COO) has a short interest ratio of 16 based on average daily volume of 425,000 shares and 6.8 million shares short. That equates to 14.6% of the 46.6 million shares outstanding.
West Pharmaceutical Services (NYSE:WST) has a short interest ratio of 14.8 based on average daily volume of 181,000 shares and 2.7 million shares short. That equates to 8.1% of the 33.3 million shares outstanding.
OraSure Technologies (NASDAQ:OSUR) has a short interest ratio of 14.8 based on average daily volume of 156,000 shares and 2.3 million shares short. That equates to 5% of the 46.2 million shares outstanding.
STAAR Surgical (NASDAQ:STAA) has a short interest ratio of 12.4 based on average daily volume of 148,000 shares and 1.8 million shares short. That equates to 5.3% of the 34.9 million shares outstanding.
SmarTrend is bearish on shares of WST and our subscribers were alerted to Sell on April 27, 2010 at $41.44. The stock has fallen 12.5% since the alert was issued.
