Hedge Funds Are Crazy About Silver Standard Resources Inc. (USA) (SSRI)

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Let’s go over hedge fund activity in other stocks similar to Silver Standard Resources Inc. (USA) (NASDAQ:SSRI). We will take a look at Tarena International Inc(ADR) (NASDAQ:TEDU), Winthrop Realty Trust (NYSE:FUR), CBIZ, Inc. (NYSE:CBZ), and Shopify Inc (NYSE:SHOP). This group of stocks’ market values match SSRI’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TEDU 5 7686 -2
FUR 23 134179 -1
CBZ 14 63452 1
SHOP 10 50250 -3

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $64 million. That figure was $45 million in SSRI’s case. Winthrop Realty Trust (NYSE:FUR) is the most popular stock in this table. On the other hand Tarena International Inc(ADR) (NASDAQ:TEDU) is the least popular one with only 5 bullish hedge fund positions. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) is not the most popular stock in this group but it has succeeded in attracting attention from investors above average. Although this may indicate it is a good stock to buy, we’d rather spend our time focusing on stocks that hedge funds are collectively most bullish on. In this case, FUR might be a better alternative.

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