With all the recent fervor around short selling rules, there has been some interest in resurrecting an old scan based on short interest. As explained in that link, short interest isn't always a simple "long only" indicator so make sure you read that piece if you aren't familiar with how to use this data.

Companies included in today's scan are: Signature Bank (SBNY), Korn/Ferry International (KFY), LIN TV CORP (TVL), Texas Capital Bancshares (TCBI), Thor Industries (THO), The Talbots, Inc (TLB), NightHawk Radiology Holdings, Inc. (NHWK), Lee Enterprises (LEE), Lithia Motors (LAD), Blyth (BTH), Liz Claiborne Inc (LIZ), Chico's FAS (CHS), Christopher & Banks (CBK), Tempur-pedic International Inc (TPX), La-Z-Boy Incorporated (LZB), Medicines (MDCO), California Pizza Kitchen (CPKI), United Natural Foods (UNFI), Concur Technologies (CNQR), Great Atlantic & Pacific Tea (GAP), ITC Holdings Corp. (ITC), Citi Trends, Inc. (CTRN), Quality Systems (QSII), Avid Technology (AVID), ABAXIS (ABAX).

Methodology - the query scans my database of companies which has some basic filters to eliminate penny stocks and those that don't trade frequently. The table above lists stocks that have at least 10 percent of their float sold short and then shows the top gainers from the previous trading day. The table also displays how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move.

My question is this - is this a scan you find useful? Should I make this a daily post again? Please click here and let me know. Of, if you prefer, use the "Email Nick Perry about this post" link below....