Top Potential Short-Squeeze Amex Stocks

Stock quotes in this article: NHC , SUNH , KND , SKH , FSP , TMA , ETE , KBH  

Another Amex stock with a high short ratio is Franklin Street Properties(FSP Quote), with a short ratio of 30. This real estate investment trust just released third-quarter earnings that showed a sharp drop in net earnings per share. The stock has a P/E of 11 and pays a yield of 8%.

Franklin Street shows up in the Barron's Insider Purchases 8-11-07 portfolio at Stockpickr, due to the fact that an officer and a director recently purchased $1.5 million worth of the stock. Other stocks in that Barron's Insider portfolio include Energy Transfer Equity(ETE Quote), with a short ratio of 4, and Thornburg Mortgage(TMA Quote), at 7.

Bio-Rad Laboratories(BIO Quote) is another fairly high short-ratio stock on the American Stock Exchange, with a 10 days-to-cover ratio. This producer of specialty chemicals for the biochemical and pharmaceutical industries just announced a solid increase in quarterly sales and net earnings per share. The stock has a P/E of 28 and a P/E-to-growth ratio of 2.

The University of Chicago Endowment has Bio-Rad in its portfolio. The $5 billion endowment is the 13th largest in the U.S. The endowment also owns DeVry(DV Quote), with a short ratio of 8, and KB Home(KBH Quote), at 4.

To see the rest of the top stocks on the American Stock Exchange with the highest short ratios, including two stocks that sell for over $400 apiece, check out the Top AMEX Short-Squeeze Stocks at Stockpickr.com

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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