Below are the top five companies in the Industrial Conglomerates industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Otter Tail (NASDAQ:OTTR) has a short interest ratio of 11 based on average daily volume of 156,000 shares and 1.7 million shares short. That equates to 4.8% of the 35.9 million shares outstanding.
Tredegar (NYSE:TG) has a short interest ratio of 6.1 based on average daily volume of 139,000 shares and 853,000 shares short. That equates to 2.6% of the 32.6 million shares outstanding.
Carlisle Cos (NYSE:CSL) has a short interest ratio of 5.8 based on average daily volume of 388,000 shares and 2.3 million shares short. That equates to 3.7% of the 60.9 million shares outstanding.
Textron (NYSE:TXT) has a short interest ratio of 4.6 based on average daily volume of 5 million shares and 24.3 million shares short. That equates to 8.9% of the 273.3 million shares outstanding.
Siemens (NYSE:SI) has a short interest ratio of 1.9 based on average daily volume of 778,000 shares and 1.5 million shares short. That equates to 0.2% of the 914.2 million shares outstanding.
SmarTrend is bearish on shares of TXT and our subscribers were alerted to Sell on May 20, 2010 at $19.88. The stock has fallen 7.5% since the alert was issued.