GOLDMAN SACHS: Hedge funds are betting billions that these 18 stocks are doomed
Stringer/Reuters
In order to see which stocks bear the biggest burden of hedge fund shorts, the equity strategy team at Goldman Sachs analyzes 821 funds that hold a total of $1.9 trillion in gross equity positions, then identifies the stocks that have the highest dollar value of short interest outstanding.
Known as the Very Important Short Position list, the basket excludes companies in Goldman's hedge fund VIP index, as well as stocks with more than 10% of float-adjusted shares held short. It also has a large-cap bias, with a median market capitalization of $71 billion, compared to $20 billion for the S&P 500.
Here's a list of the 18 stocks in the index that have the highest level of short interest:
Get the latest Goldman Sachs stock price here.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- India not benefiting from democratic dividend; young have a Kohli mentality, says Raghuram Rajan
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance
- 10 Foods that can harm Your bone and joint health
- 6 Lesser-known places to visit near Mussoorie