Below are the top five companies in the Thrifts & Mortgage Finance industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Trustco Bank (NASDAQ:TRST) has a short interest ratio of 28.3 based on average daily volume of 277,000 shares and 7.9 million shares short. That equates to 10.2% of the 76.9 million shares outstanding.
Dime Community Bancshares (NASDAQ:DCOM) has a short interest ratio of 12.5 based on average daily volume of 109,000 shares and 1.4 million shares short. That equates to 4% of the 34.5 million shares outstanding.
Anchor Bancorp Wisconsin (NASDAQ:ABCW) has a short interest ratio of 12 based on average daily volume of 168,000 shares and 2 million shares short. That equates to 9.4% of the 21.7 million shares outstanding.
Bank Mutual (NASDAQ:BKMU) has a short interest ratio of 11.5 based on average daily volume of 149,000 shares and 1.7 million shares short. That equates to 3.8% of the 45.5 million shares outstanding.
Astoria Financial (NYSE:AF) has a short interest ratio of 9.9 based on average daily volume of 938,000 shares and 9.3 million shares short. That equates to 9.5% of the 97.9 million shares outstanding.
SmarTrend is bearish on shares of ABCW and our subscribers were alerted to Sell on May 17, 2010 at $0.87. The stock has fallen 46.2% since the alert was issued.