Below are the top five companies in the Specialty Chemicals industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Zoltek (NASDAQ:ZOLT) has a short interest ratio of 18.5 based on average daily volume of 280,000 shares and 5.19 million shares short. That equates to 15.1% of the 34.4 million shares outstanding.
Senomyx (NASDAQ:SNMX) has a short interest ratio of 15.3 based on average daily volume of 151,000 shares and 2.33 million shares short. That equates to 5.9% of the 39.6 million shares outstanding.
NewMarket (NYSE:NEU) has a short interest ratio of 9.4 based on average daily volume of 123,000 shares and 1.17 million shares short. That equates to 8.4% of the 13.8 million shares outstanding.
Balchem (NASDAQ:BCPC) has a short interest ratio of 7.9 based on average daily volume of 151,000 shares and 1.2 million shares short. That equates to 4.2% of the 28.9 million shares outstanding.
Omnova Solutions (NYSE:OMN) has a short interest ratio of 7 based on average daily volume of 388,000 shares and 2.71 million shares short. That equates to 6% of the 45.4 million shares outstanding.
SmarTrend currently has shares of Omnova Solutions in an Downtrend and issued the Downtrend alert on June 16, 2011 at $7.95. The stock has fallen 49.8% since the Downtrend alert was issued.