Posted: 06 Jun 2010 07:14 AM PDT
Below are the top 10 Telecom Equipment stocks with the highest short interest as a percentage of total shares outstanding. Short Squeeze and Short Covering could happen if these stocks start rising rapidly. One Chinese company (TSTC) is on the list.
Palm, Inc. (NASDAQ:PALM) has the 1st highest short interest in this segment of the market. Its short interest is 44.2% of its total shares outstanding. Its Days to Cover is 5.17, calculated as current short interest divided by average daily volume. Ciena Corporation (NASDAQ:CIEN) has the 2nd highest short interest in this segment of the market. Its short interest is 18.1% of its total shares outstanding. Its Days to Cover is 3.09, calculated as current short interest divided by average daily volume. DragonWave, Inc.(USA) (NASDAQ:DRWI) has the 3rd highest short interest in this segment of the market. Its short interest is 16.1% of its total shares outstanding. Its Days to Cover is 9.91, calculated as current short interest divided by average daily volume. ADC Telecommunications (NASDAQ:ADCT) has the 4th highest short interest in this segment of the market. Its short interest is 15.4% of its total shares outstanding. Its Days to Cover is 4.96, calculated as current short interest divided by average daily volume. InterDigital, Inc. (NASDAQ:IDCC) has the 5th highest short interest in this segment of the market. Its short interest is 12.5% of its total shares outstanding. Its Days to Cover is 15.92, calculated as current short interest divided by average daily volume.
ADTRAN, Inc. (NASDAQ:ADTN) has the 6th highest short interest in this segment of the market. Its short interest is 12.4% of its total shares outstanding. Its Days to Cover is 7.51, calculated as current short interest divided by average daily volume. Garmin Ltd. (NASDAQ:GRMN) has the 7th highest short interest in this segment of the market. Its short interest is 10.8% of its total shares outstanding. Its Days to Cover is 12.68, calculated as current short interest divided by average daily volume. Aruba Networks, Inc. (NASDAQ:ARUN) has the 8th highest short interest in this segment of the market. Its short interest is 10.3% of its total shares outstanding. Its Days to Cover is 8.61, calculated as current short interest divided by average daily volume. Telestone Technologies Corporation (NASDAQ:TSTC) has the 9th highest short interest in this segment of the market. Its short interest is 9.3% of its total shares outstanding. Its Days to Cover is 0.93, calculated as current short interest divided by average daily volume. Emulex Corporation (NYSE:ELX) has the 10th highest short interest in this segment of the market. Its short interest is 8.8% of its total shares outstanding. Its Days to Cover is 3.33, calculated as current short interest divided by average daily volume.
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