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 11.5 based on average daily volume of 150,000 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 6.2 based on average daily volume of 134,000 shares and 835,000 shares short. That equates to 2.6% of the 32.6 million shares outstanding.
Carlisle Cos (NYSE:CSL) has a short interest ratio of 4.8 based on average daily volume of 386,000 shares and 1.8 million shares short. That equates to 3% of the 60.9 million shares outstanding.
Textron (NYSE:TXT) has a short interest ratio of 4.3 based on average daily volume of 5 million shares and 23.5 million shares short. That equates to 8.6% of the 273.3 million shares outstanding.
3M (NYSE:MMM) has a short interest ratio of 1.6 based on average daily volume of 4 million shares and 7.3 million shares short. That equates to 1% of the 713.1 million shares outstanding.
SmarTrend is bullish on shares of TXT and our subscribers were alerted to Buy on July 21, 2010 at $19.41. The stock has risen 9% since the alert was issued.