Written on Tue, 07/27/2010 - 4:19am
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 22.4 based on average daily volume of 204,000 shares and 4.6 million shares short. That equates to 11.1% of the 41.2 million shares outstanding.
UTStarcom (NASDAQ:UTSI) has a short interest ratio of 14.9 based on average daily volume of 800,000 shares and 11.9 million shares short. That equates to 9% of the 131.5 million shares outstanding.
Symmetricom (NASDAQ:SYMM) has a short interest ratio of 13 based on average daily volume of 104,000 shares and 1.4 million shares short. That equates to 3.1% of the 43.9 million shares outstanding.
Aruba Networks (NASDAQ:ARUN) has a short interest ratio of 12.2 based on average daily volume of 1 million shares and 21.6 million shares short. That equates to 23.3% of the 92.7 million shares outstanding.
ShoreTel (NASDAQ:SHOR) has a short interest ratio of 11.4 based on average daily volume of 114,000 shares and 1.3 million shares short. That equates to 2.9% of the 45 million shares outstanding.
SmarTrend is bullish on shares of ARUN and our subscribers were alerted to Buy on May 24, 2010 at $12.62. The stock has risen 44% since the alert was issued.
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