Looking for low-priced stocks with bullish backing from knowledgeable investors? We ran a screen with that in mind analyzing small cap companies or larger ($300 mil+).
We first screened for net institutional buying in the current quarter. Institutional buying represents a fund that manages over $100 million, usually a bank, hedge fund, or mutual fund. These firms are known as ‘Smart Money’ and investors see their backing as a bullish sign, believing that smart money wouldn’t invest if they expected the price to go down.
The second screen was for short significant covering month-over month, a bullish sign from short sellers. Short sellers benefit when a stock price falls, so by reversing, or covering, their position they are taking a less pessimistic outlook on its future. Shorting a stock or shares of a stock is a strategy typically used by advanced investors.
Business Section: Investing Ideas
Recap: The list below meets the following criteria:
- Market cap over $300m
- Price below $5
- Short covering month-over-month
- Net institutional buying in the current quarter
Does the endorsement of short sellers and hedge fund managers make these stocks a bargain?
Use Kapitall tools to explore them further.
Interactive Chart: Use the Compar-O-Matic to compare analyst ratings for the stocks mentioned below:
1. Clearwire Corporation (CLWR, Earnings, Analysts, Financials): Provides wireless broadband services. Market cap at $888.07M, most recent closing price at $0.96. Net institutional purchases in the current quarter at 62.5M shares, which represents about 22.13% of the company’s float of 282.39M shares. Shares shorted have decreased from 73.09M to 64.54M over the last month, a decrease which represents about 3.03% of the company’s float of 282.39M shares. Days to cover ratio at 5.6 days.
2. E-Commerce China Dangdang Inc. (DANG, Earnings, Analysts, Financials): Operates as a business-to-consumer e-commerce company in the People’s Republic of China. Market cap at $409.14M, most recent closing price at $5.05. Net institutional purchases in the current quarter at 5.2M shares, which represents about 15.42% of the company’s float of 33.72M shares. Shares shorted have decreased from 9.56M to 8.75M over the last month, a decrease which represents about 2.4% of the company’s float of 33.72M shares. Days to cover ratio at 5.94 days.
3. Hercules Offshore, Inc. (HERO, Earnings, Analysts, Financials): Provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry in the U. Market cap at $541.9M, most recent closing price at $3.54. Net institutional purchases in the current quarter at 29.7M shares, which represents about 20.61% of the company’s float of 144.07M shares. Shares shorted have decreased from 14.01M to 12.49M over the last month, a decrease which represents about 1.06% of the company’s float of 144.07M shares. Days to cover ratio at 3.43 days.
4. SUPERVALU Inc. (SVU, Earnings, Analysts, Financials): Operates retail food stores in the United States. Market cap at $369.68M, most recent closing price at $1.85. Net institutional purchases in the current quarter at 13.3M shares, which represents about 6.31% of the company’s float of 210.82M shares. Shares shorted have decreased from 103.79M to 98.02M over the last month, a decrease which represents about 2.74% of the company’s float of 210.82M shares. Days to cover ratio at 10.84 days.
(Written by Ryan Horch)
Use Kapitall’s Tools: Looking for ways to analyze this list?
Use this article snapshot as a launch pad (click here for help): Simply click on the links, and use Kapitall’s tab navigation to browse through the data…
Analyze These Ideas: Getting Started
- Read descriptions for all companies mentioned
- Access a performance overview for all stocks in the list
- Compare analyst ratings for the companies mentioned
- Compare analyst ratings to annual returns for stocks mentioned
- Real-Time Opinion: Scan the latest tweets about these companies (feed will open in a new window)
Dig Deeper: Access Company Snapshots, Charts, Filings
- Clearwire Corporation (CLWR, Chart, Download SEC Filings)
- E-Commerce China Dangdang Inc. (DANG, Chart, Download SEC Filings)
- Hercules Offshore, Inc. (HERO, Chart, Download SEC Filings)
- SUPERVALU Inc. (SVU, Chart, Download SEC Filings)
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Kapitall Wire, which is not a broker/dealer, offers free cutting edge investing ideas, lively commentary and timely analysis of companies enhanced by interactive tools. And the Investing 101 section breaks complex concepts down to their basics, offering education to novices that doubles as a refresher course for more seasoned investors.
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