In today’s market place, there are many metrics for Ford Motor Company (NYSE:F) traders to track, but it’s useful to monitor a stock’s short sellers. Some pieces of data we can use are: (a) the fraction of a stock’s tradable shares that the shorts are currently short selling, and (b) the difference in short interest.
An increased amount of bearish shorting typically indicates what it implies: the market’s big players have turned less optimistic about a company. Overselling, however, sometimes has a bullish effect on stock price, as short-ers can be forced to cover their positions.
Here at Insider Monkey, it’s not a secret that we monitor hedge funds’ interest, but it’s also beneficial to pair this data with aggregate short sale data. A few, large players might indicate that they’re short on a company, but it isn’t an SEC requirement. Nonetheless, some individual players might want to avoid highly shorted stocks with above-average hedge fund support, while others might desire short-squeeze opportunities. For those searching for a proven piggybacking strategy, discover the details of our premium strategy.
Without further ado, let’s take a gander at the recent info swirling around Ford Motor Company (NYSE:F).
Studying the latest FINRA short interest data, which is reported two times a month, we can realize that Ford Motor Company (NYSE:F) sports a short interest of 2.20% of float. This is a 7.8% change from the previous two-week period. With a total float of 3.57B shares, this reveals a short ratio of 2.00.
It is also crucial to keep an eye on hedge fund holdings via their 13F filings. Of the funds we track, Appaloosa Management LP, managed by David Tepper, holds the biggest position in Ford Motor Company (NYSE:F). Appaloosa Management LP has a $154.1 million position in the stock, comprising 3.3% of its 13F portfolio. On Appaloosa Management LP’s heels is Legg Mason Capital Management, managed by Bill Miller, which held a $147.3 million position; 2.6% of its 13F portfolio is allocated to the company. Other hedge funds that hold long positions include Robert Bishop’s Impala Asset Management, Bruce Kovner’s Caxton Associates LP and Jean-Marie Eveillard’s First Eagle Investment Management.
Also, bullish insider trading is best served when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time period, Ford Motor Company (NYSE:F) has seen zero unique insiders buying, and 13 insider sales (see the details of insider trades here).
This trio of tools–short sale information, hedge fund data and insider sentiment–are something every reader should account for. Although it’s hard to formulate a discernable strategy from short selling information, hedge fund and insider sentiment give lots of market beating opportunities if you know where to look.