Short Sellers Piling on Forest Laboratories

Filed under: Stocks to Sell

Short sellers are starting to pile on Forest Laboratories (FRX), and the drug manufacturer may not be able to sustain the bearish weight. Short interest on Forest has jumped 410.4%, or 14,253,017 shares -- rising from a previous short-interest level of 3,473,213 shares to the current level of 17,726,230 shares -- during the past few weeks.



Based on the average trading volume for Forest, it will take short sellers 4 days to cover their short positions if they wanted to completely reverse their trades. Seeing a jump in short interest like this is a clear indication there is a growing number of traders out there who believe Forest is going to be moving lower in the near future. In fact, it shows they believe it enough to put their money where their mouth is.

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Short Sellers Piling on Forest Laboratories originally appeared on BloggingStocks on Thu, 01 Jul 2010 17:50:00 EST. Please see our terms for use of feeds.

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Forest Laboratories - BloggingStocks - Trade - Short - Business

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