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||5 Ray Dalio Holdings Attracting Short Sellers
Joel Kornblau - Friday, August 25, 2:34 PMAn examination of the most recent short interest data revealed these five Ray Dalio stocks with particularly high short interest, as measured by "days to cover." This metric is just one way to look at short data, but this is a metric we here at Holdings Channel find particularly useful because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. So for example we found that GATX Corp (GATX) now has 50.02 days to cover.
Looking through the stocks held by Ray Dalio for the most recent reporting period, we found the following five stand-outs with the highest levels of short interest as measured by the number of days to cover. The first column is the Ray Dalio holding, the second column is the number of days to cover, the third column is the number of shares held at Bridgewater Associates at last report, and the final column is the total number of shares short (in this way we can compare "Ray Dalio vs. The Shorts" as far as the relative positions).
|Ray Dalio Holding||Days To Cover||Bridgewater Associates Shares||Short Interest|
As you can see, GATX Corp (GATX) is an interesting situation, as are Rollins, Inc. (ROL), Verisign Inc (VRSN), Iron Mountain Inc (IRM), and Restaurant Brands International Inc (QSR) — why are short sellers attracted to these names, while Ray Dalio has the opposite view (i.e. Bridgewater Associates is long those stocks)? It could simply be a matter of differing viewpoint on valuation of each given stock, or there could be fundamental disagreements over what is happening at the business level and whether recent developments are positive or negative for that company's future success. Following quarterly 13F filings to keep track of Ray Dalio stock picks is warranted for investors interested in keeping track of what Ray Dalio does with these positions (adds, reduces, or exits).