16 Highly Shorted Stocks Insiders Are Buying
List sorted by net insider purchases as a percent of share float.
1. Texas Industries Inc. (TXI): Engages in the production and supply of heavy construction materials in the United States. Market cap of $785.10M. Short float at 27.94%. Net insider shares purchased over the last six months at 2.74M, which is 20.16% of the company's 13.61M share float. It's been a rough couple of days for the stock, losing 8.96% over the last week.
2. Overseas Shipholding Group Inc. (OSG): Engages in the ocean transportation of crude oil and petroleum products. Market cap of $334.87M. Short float at 37.47%. Net insider shares purchased over the last six months at 1.70M, which is 7.62% of the company's 22.25M share float. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 7.96%, current ratio at 2.44, and quick ratio at 2.14. The stock has lost 68.25% over the last year.
3. Vistaprint N.V. (VPRT): Operates as an online provider of marketing products and services to micro businesses worldwide. Market cap of $1.20B. Short float at 24.93%. Net insider shares purchased over the last six months at 613.55K, which is 1.99% of the company's 30.82M share float. Might be undervalued at current levels, with a PEG ratio at 0.87, and P/FCF ratio at 9.01. The stock has lost 33.33% over the last year.
4. Universal Display Corp. (PANL): Engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Market cap of $1.70B. Short float at 27.22%. Net insider shares purchased over the last six months at 406.91K, which is 1.30% of the company's 31.29M share float. The stock has performed poorly over the last month, losing 11.82%.
5. Seattle Genetics Inc. (SGEN): Focuses on the development and commercialization of monoclonal antibody-based therapies for the treatment of cancer and autoimmune diseases in the United States. Market cap of $2.0B. Short float at 22.38%. Net insider shares purchased over the last six months at 1.15M, which is 1.01% of the company's 113.40M share float. The stock has gained 10.67% over the last year.
6. Saks Incorporated (SKS): Operates fashion retail stores in the United States. Market cap of $1.54B. Short float at 28.34%. Net insider shares purchased over the last six months at 886.72K, which is 0.87% of the company's 101.62M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.54). The stock has lost 16.35% over the last year.
7. ATP Oil & Gas Corp. (ATPG): Engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico, the United Kingdom, and the Dutch sectors of the North Sea. Market cap of $372.18M. Short float at 44.10%. Net insider shares purchased over the last six months at 314.50K, which is 0.81% of the company's 38.91M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.86). The stock has lost 58.06% over the last year.
8. AsiaInfo-Linkage,Inc. (ASIA): Provides telecommunications software solutions and information technology products and services to telecommunications carriers and other enterprises in the People's Republic of China. Market cap of $546.74M. Short float at 24.12%. Net insider shares purchased over the last six months at 124.30K, which is 0.29% of the company's 43.50M share float. The stock has performed poorly over the last month, losing 12.94%.
9. Radian Group Inc. (RDN): Provides credit-related insurance coverage and financial services in the United States and internationally. Market cap of $325.01M. Short float at 20.52%. Net insider shares purchased over the last six months at 311.37K, which is 0.24% of the company's 132.01M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.86). The stock has had a couple of great days, gaining 7.96% over the last week.
10. Colfax Corporation (CFX): Designs, manufactures, and distributes fluid handling products that transfer or control liquids in various applications worldwide. Market cap of $1.29B. Short float at 32.65%. Net insider shares purchased over the last six months at 53.11K, which is 0.16% of the company's 33.54M share float. The stock has had a couple of great days, gaining 5.57% over the last week.
11. Goodrich Petroleum Corp. (GDP): Engages in the exploration, development, and production of oil and natural gas properties. Market cap of $592.53M. Short float at 35.92%. Net insider shares purchased over the last six months at 41.39K, which is 0.16% of the company's 25.78M share float. The stock has had a couple of great days, gaining 20.85% over the last week.
12. MGIC Investment Corp. (MTG): Provides private mortgage insurance to the home mortgage lending industry in the United States. Market cap of $786.57M. Short float at 20.65%. Net insider shares purchased over the last six months at 232.50K, which is 0.12% of the company's 197.13M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.27). The stock has had a couple of great days, gaining 10.14% over the last week.
13. Sequenom Inc. (SQNM): Provides products, services, diagnostic testing, applications, and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural and livestock research. Market cap of $418.22M. Short float at 23.03%. Net insider shares purchased over the last six months at 96.15K, which is 0.11% of the company's 88.08M share float. The stock has lost 44.68% over the last year.
14. AK Steel Holding Corporation (AKS): Produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. Market cap of $964.86M. Short float at 22.69%. Net insider shares purchased over the last six months at 72.27K, which is 0.07% of the company's 108.74M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.66). The stock has had a couple of great days, gaining 7.36% over the last week.
15. Ebix Inc. (EBIX): Provides on-demand software and e-commerce solutions to the insurance industry. Market cap of $819.92M. Short float at 32.46%. Net insider shares purchased over the last six months at 25.50K, which is 0.07% of the company's 34.54M share float. Might be undervalued at current levels, with a PEG ratio at 0.86, and P/FCF ratio at 11.96. The stock is a short squeeze candidate, with a short float at 32.46% (equivalent to 26.89 days of average volume).
16. KB Home (KBH): Operates as a homebuilding and financial services company in the United States. Market cap of $633.96M. Short float at 33.52%. Net insider shares purchased over the last six months at 36.0K, which is 0.05% of the company's 65.47M share float. The stock has had a couple of great days, gaining 6.98% over the last week. The stock has performed poorly over the last month, losing 12.52%.
