Posted On: 01/25/2016 7:03:36 PM
Post# of 96897
Sirus/XM Radio I believe is one of the most shorted Stocks, from an article: from Jan 15, 2016........
http://www.fool.com/investing/general/2016/01...e=cnnmoney
The ugrade
And what is Wall Street's reaction to this news? In a word: Relief. This morning, analysts at Canadian banker BMO Capital announced they're pulling their underperform rating on the stock, and upgrading to a more muted market perform recommendation.
Details on BMO's specific reasons for upgrading Sirius are hard to come by right now, but most media outlets covering Sirius seem to be focusing on (a) Sirius' ability to translate 2015's huge boom in auto sales into more subscriptions to its satellite radio service, and (b) "valuation."
And yet, didn't we just read that Sirius is now one of the most shorted stocks on the Nasdaq? And doesn't that imply that Sirius stock is actually overvalued, and not ripe for an upgrade based on valuation?
http://www.fool.com/investing/general/2016/01...e=cnnmoney
The ugrade
And what is Wall Street's reaction to this news? In a word: Relief. This morning, analysts at Canadian banker BMO Capital announced they're pulling their underperform rating on the stock, and upgrading to a more muted market perform recommendation.
Details on BMO's specific reasons for upgrading Sirius are hard to come by right now, but most media outlets covering Sirius seem to be focusing on (a) Sirius' ability to translate 2015's huge boom in auto sales into more subscriptions to its satellite radio service, and (b) "valuation."
And yet, didn't we just read that Sirius is now one of the most shorted stocks on the Nasdaq? And doesn't that imply that Sirius stock is actually overvalued, and not ripe for an upgrade based on valuation?
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