This bull market has been an absolute nightmare for traders shorting, or betting against, the market.
Still, the shorts are holding on to their positions in hopes of a pullback.
We screened the S&P 500 for the most heavily shorted stocks.
The list includes a lot of tech and electronics firms struggling to adapt out of outdated business models.
But some old standbys remain, including a large clothing retailer as well as a videogame seller. And a major for-profit education company is seeing renewed doubts about its marquee product.
We ranked the stock by short interest as a percentage of floating shares.
Quest Diagnostics
Ticker: DGX
Sector: Health care
Short interest: 9.16%
YTD Performance: +6.6%
Comment: Quest most recent quarterly sales were down -7.7% YOY.
Source: Bloomberg, Fool.com
Gannett
Ticker: GCI
Sector: Newspapers
Short interest: 9.76%
YTD Performance: +12.49%
Comment: Gannett remains heavily reliant on print ads.
Source: Bloomberg, Fool.com
Verisign
Ticker: VRSN
Sector: Tech
Short interest: 9.78%
YTD Performance: +17.19%
Comment: Verisign is fighting ICANN, the international web custodian, over new rules.
Source: Bloomberg, Domain Name Wire
See the rest of the story at Business Insider
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