Relatively High Short Interest Detected in Shares of Trustco Bank in the Thrifts & Mortgage Finance Industry (TRST, ABCW, DCOM, BNCL, BKMU)
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 27 based on average daily volume of 278,000 shares and 7.5 million shares short. That equates to 9.8% of the 76.9 million shares outstanding.
Anchor Bancorp Wisconsin (NASDAQ:ABCW) has a short interest ratio of 13.2 based on average daily volume of 165,000 shares and 2.2 million shares short. That equates to 10.1% of the 21.7 million shares outstanding.
Dime Community Bancshares (NASDAQ:DCOM) has a short interest ratio of 12.8 based on average daily volume of 110,000 shares and 1.4 million shares short. That equates to 4.1% of the 34.5 million shares outstanding.
Beneficial Mutual Bancorp (NASDAQ:BNCL) has a short interest ratio of 12.7 based on average daily volume of 100,000 shares and 1.3 million shares short. That equates to 1.6% of the 81.9 million shares outstanding.
Bank Mutual (NASDAQ:BKMU) has a short interest ratio of 12.3 based on average daily volume of 150,000 shares and 1.9 million shares short. That equates to 4.1% of the 45.5 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 28.9% since the alert was issued.
