Stock pickers are betting big against these 10 retail stocks
REUTERS/Alessandro Garofalo
The retail apocalypse could pay off in a huge way for stock pickers.
Bets against retail stocks continue to increase as traders eye an even bigger drop in their stock prices. Analysts at RBC Capital Markets have identified 10 stocks with the most short interest right now.
Topping the list are some usual suspects like JCPenney, which announced earlier this year that it would close 138 stores. But there are some newcomers, as well. RBC notes that Urban Outfitters, Boot Barn, and Signet Jewelers have seen the biggest spikes in short interests.
On the other hand, Buckle, Abercrombie & Fitch, and The Children's Place have seen the biggest drops in short interest.
Scroll to see the 10 retail stocks with the highest short interest, according to RBC:
10. The Children's Place
Ticker: PLCE
Stock price: $109.75
Year-to-date change: +8.43%
Short interest as a percent of float: 26%
9. Abercrombie & Fitch
Ticker: ANF
Stock price: $13.54
Year-to-date change: +11.81%
Short interest as a percent of float: 26%
8. Under Armour
Ticker: UAA
Stock price: $16.90
Year-to-date change: -43.5%
Short interest as a percent of float: 28%
See the rest of the story at Business Insider
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