In the financial blogosphere, there are a multitude of metrics for Sodastream International Ltd (NASDAQ:SODA) traders to watch, but it’s absolutely crucial to monitor a stock’s short sellers. Some indicators we can use are: (a) the fraction of a stock’s tradable shares that short sellers are currently short selling, plus (b) the difference in shorting activity.
More short selling typically means what you’d think: Wall Street has turned less fond of a company. Short selling that’s too high, though, sometimes has a positive effect on share price, as short-ers may be forced to cover their shares.
At Insider Monkey, it’s no secret that we track the smart money’s sentiment, but it’s eqaully as crucial to combine this data with overall short data. In some high-profile cases, large investors could disclose that they’re bearish on a particular company, but it isn’t an SEC requirement. Nonetheless, many individual investors may wish to avoid highly shorted companies with elevated hedge fund interest, while others may prefer short-squeeze plays. For investors wanting a proven piggybacking strategy, discover the details of our premium strategy.
Let’s take a peek at the key data pertaining to Sodastream International Ltd (NASDAQ:SODA).
Analyzing the most recent FINRA data, which is released twice a month, we can realize that Sodastream International Ltd (NASDAQ:SODA) sports a short interest of 43.60% of float. This indicates a -0.3%% change from the prior filing period. With a float of 18.19M shares, this represents a short ratio of 5.90.
It is also crucial to take note of hedge fund holdings from their 13F filings. When analyzing the funds we track, Cadian Capital, managed by Eric Bannasch, holds the most valuable position in Sodastream International Ltd (NASDAQ:SODA). Cadian Capital has a $62.8 million position in the stock, comprising 1.7% of its 13F portfolio. The 2nd biggest stake is held by Tremblant Capital, managed by Brett Barakett, which held a $58.8 million position; 2.8% of its 13F portfolio is allocated to the stock. Remaining hedge funds with similar optimism include John Murphy’s Alydar Capital, Drew Cupps’s Cupps Capital Management and Alex Sacerdote ‘s Whale Rock Capital Management.
Also, insider buying is particularly usable when the company we’re looking at has seen transactions within the past half-year. Over the last six-month time frame, Sodastream International Ltd (NASDAQ:SODA) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
These metrics–short sale information, hedge fund data and insider sentiment–are something all readers should account for. Though it’s hard to discover a usable strategy from short interest data, hedge fund and insider sentiment give lots of market beating opportunities if you know where to look.