As revived earlier this week, here's the list of stocks that are advancing amid heavy short interest. Companies included in today's scan are: BigBand Networks, Inc. (BBND), Washington Mutual (WM), Continental Airlines (CAL), Lululemon athletica (LULU), Frontier Oil (FTO), Sunoco (SUN), General Motors (GM), FreightCar America, Inc. (RAIL), Tesoro Petroleum (TSO), New York Times (NYT), McClatchy (MNI), Cal Dive International, Inc. (DVR), Orexigen Therapeutics Inc. (OREX), AMR Corp. (AMR), Global Industries (GLBL), Triad Guaranty (TGIC), Conn's (CONN), Fortress Investment Group LLC (FIG), Fuel Systems Solutions Inc (FSYS), Arkansas Best (ABFS), Baidu.com Inc. (BIDU), Cheniere Energy (LNG), ArthroCare (ARTC), Frontier Financial (FTBK), Centex Corp. (CTX), Wynn Resorts, Limited (WYNN).

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.

Please help me improve this blog! Is this a scan you find useful? Should I make this a daily post again? Please click here to send me an email to nperry@sir-inc.com and let me know. Of, if you prefer, use the "Email Nick Perry about this post" link below...