Apparently J.C. Penney Company, Inc. (NYSE:JCP) is not the only one in the retail sector that is facing heat. It seems to be an all around difficult time for several names in the retail industry. Citi’s Deborah L Weinswig noted increasingly short interest in the retail sector in September, where borrowed interest in 12 out of 16 names in its retail basket called the Broadlines and Food & Drug retailers, experienced an increase in short positions. Short interest rises in COST, CVS, JWN The companies that experienced a more than 5 percent increase in short interest in the first two weeks of September…
Short Interest In U.S. Retail Increases In September
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.