Posted by sbaxman111 on 30th of Oct 2017 at 12:24 pm
Through the middle of October, the average short interest as a
percentage of float (SIPF) in the four FANG stocks was a minuscule
2.3%. While it is not uncommon to see some growth stocks have
10% or more of their float sold short, that isn’t the case with the
FANG stocks. As recently as 2013, their average SIPF level
was over 10%, and back in 2009 (before Facebook, when it was just
“ANG”) the average SIPF level was above 20%!
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FANG SIPF
Posted by sbaxman111 on 30th of Oct 2017 at 12:24 pm
Through the middle of October, the average short interest as a percentage of float (SIPF) in the four FANG stocks was a minuscule 2.3%. While it is not uncommon to see some growth stocks have 10% or more of their float sold short, that isn’t the case with the FANG stocks. As recently as 2013, their average SIPF level was over 10%, and back in 2009 (before Facebook, when it was just “ANG”) the average SIPF level was above 20%!