Below are the top five companies in the Home Entertainment Software industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Shanda Interactive Entertainment (NASDAQ:SNDA) has a short interest ratio of 7.6 based on average daily volume of 268,000 shares and 2 million shares short. That equates to 3% of the 66.8 million shares outstanding.
THQ (NASDAQ:THQI) has a short interest ratio of 6.4 based on average daily volume of 1 million shares and 6.6 million shares short. That equates to 9.7% of the 67.8 million shares outstanding.
Take-Two Interactive Software (NASDAQ:TTWO) has a short interest ratio of 6 based on average daily volume of 1 million shares and 10.3 million shares short. That equates to 12.1% of the 84.8 million shares outstanding.
Perfect World (NASDAQ:PWRD) has a short interest ratio of 3.4 based on average daily volume of 798,000 shares and 2.7 million shares short. That equates to 6.5% of the 41.7 million shares outstanding.
Electronic Arts (NASDAQ:ERTS) has a short interest ratio of 2.8 based on average daily volume of 5 million shares and 14.4 million shares short. That equates to 4.4% of the 330.3 million shares outstanding.
SmarTrend is bearish on shares of TTWO and our subscribers were alerted to Sell on July 01, 2010 at $8.85. The stock has fallen 7.5% since the alert was issued.
Source:http://www.mysmartrend.com/news-briefs/news-watch/top-5-companies-home-entertainment-software-industry-highest-short-interest-s
