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Relatively High Short Interest Detected in Shares of Echelon in the Electronic Manufacturing Services Industry (ELON, MXWL, IPGP, TTMI, SANM)

Written on Tue, 07/27/2010 - 4:41am
By Chip Brian

Below are the top five companies in the Electronic Manufacturing Services industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Echelon (NASDAQ:ELON) has a short interest ratio of 18 based on average daily volume of 210,000 shares and 3.8 million shares short. That equates to 9.2% of the 41.3 million shares outstanding.
Maxwell Technologies (NASDAQ:MXWL) has a short interest ratio of 17.2 based on average daily volume of 187,000 shares and 3.2 million shares short. That equates to 12.3% of the 26.4 million shares outstanding.
IPG Photonics (NASDAQ:IPGP) has a short interest ratio of 11.1 based on average daily volume of 118,000 shares and 1.3 million shares short. That equates to 2.8% of the 46.2 million shares outstanding.
TTM Technologies (NASDAQ:TTMI) has a short interest ratio of 9.4 based on average daily volume of 568,000 shares and 5.3 million shares short. That equates to 6.6% of the 80 million shares outstanding.
Sanmina-SCI (NASDAQ:SANM) has a short interest ratio of 8.1 based on average daily volume of 1 million shares and 9.7 million shares short. That equates to 12.2% of the 79.5 million shares outstanding.
SmarTrend is bearish on shares of MXWL and our subscribers were alerted to Sell on November 04, 2009 at $15.79. The stock has fallen 26.9% since the alert was issued.


Company Information For: ELON

Contact Chip Brian
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