We talked about popular long holdings of hedge funds in an earlier post, but a look at short positions from Goldman Sachs hedge fund trend monitor also reveals interesting insights. Short interest high in biotech/pharma sector Short interest in Myriad Genetics, Inc. (NASDAQ:MYGN) is still riding high as an unprecedented number, 55%, of outstanding shares are held in short bets. Negative interest in the biotech and pharmaceutical companies is clearly visible in the list, EXACT Sciences Corporation (NASDAQ:EXAS), Questcor Pharmaceuticals Inc (NASDAQ:QCOR), Horizon Pharma Inc (NASDAQ:HZNP) and Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) all have high short interest. The metals and mining sector has attracted several shorts, Cliffs Natural Resources Inc (NYSE:CLF)…
Shorts Pile Into Outerwall, Plug Power Inc, 3D Systems In Q1
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.