My type of company doesn't usually attract a short position.
Well if you look at the list sorted by cover ratio, the following "respectable" companies stand out in the top 30:
VRTX, GELX, GILD, AVIR, NPSP, SANG, ALKS - all with ratios well above 10.
BTW, the top two are BTIM and ORG, both of which I would characterize as "crowded" shorts. I generally avoid crowded shorts altogether (both on the long and short side) - there is usually so much misinformation and anger floating around that sensible analysis is difficult or at least unpleasant. (HEB, ZONA, SNRS are other examples).
Peter |
