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10 Most Shorted Stocks in Biotech

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Savient Pharmaceuticals (SVNT - Get Report)
Short interest: 34%
52-week high: $23.10
Current price: $4.10
Year to date performance relative to the Nasdaq Biotechnology Index: Down 63%
Shorts have feasted on Savient since FDA approval last year of Krystexxa for hard-to-treat gout. Shorting new drug launches has been a foolproof moneymaker for healthcare investors but Savient made it easy. First, Savient executives over-hyped plans to sell the company and then failed to find a buyer. Oops! Jilted, Savient was forced to launch Krystexxa alone. No surprise -- the company's marketing efforts to date have been dismal.
Analysts of late have been trying to rally to Savient's side, calling Krystexxa an emerging 2012 story.

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