Below are the top five companies in the Marine industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Kirby (NYSE:KEX) has a short interest ratio of 15.3 based on average daily volume of 296,000 shares and 4.5 million shares short. That equates to 8.4% of the 54 million shares outstanding.
Horizon Lines (NYSE:HRZ) has a short interest ratio of 6.3 based on average daily volume of 218,000 shares and 1.4 million shares short. That equates to 4.6% of the 30.4 million shares outstanding.
TBS International (NASDAQ:TBSI) has a short interest ratio of 5.8 based on average daily volume of 183,000 shares and 1.1 million shares short. That equates to 7% of the 15.2 million shares outstanding.
Excel Maritime Carriers (NYSE:EXM) has a short interest ratio of 4.5 based on average daily volume of 1 million shares and 6 million shares short. That equates to 7.5% of the 79.8 million shares outstanding.
Eagle Bulk Shipping (NASDAQ:EGLE) has a short interest ratio of 4.4 based on average daily volume of 2 million shares and 11.2 million shares short. That equates to 18.1% of the 62.1 million shares outstanding.
SmarTrend is bearish on shares of TBSI and our subscribers were alerted to Sell on May 07, 2010 at $7.59. The stock has fallen 17.1% since the alert was issued.