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Was Kass Wrong? 7 VIX Correlated Stocks To Prepare For A Market Crash

We took only the names with correlations of 0.55 and higher and short covering in the past month – a signal that short sellers expect share price to increase.

 

1. Allot Communications Ltd. (ALLT): Engages in developing, selling, and marketing Internet protocol service optimization solutions in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. Market cap at $444.51M, most recent closing price at $14.04.  Shares shorted have decreased from 1.13M to 482.17K over the last month, a decrease which represents about 2.29% of the company's float of 28.23M shares. Days to cover ratio at 0.58 days. Correlation with the VIX index at 0.695 over the last 60 days. 

2. American Greetings Corp. (AM): Engages in the design, manufacture, and sale of greeting cards and other social expression products worldwide. Market cap at $508.45M, most recent closing price at $16.07.  Shares shorted have decreased from 12.36M to 12.07M over the last month, a decrease which represents about 1.04% of the company's float of 27.82M shares. Days to cover ratio at 38.31 days. Correlation with the VIX index at 0.564 over the last 60 days. 

3. magicJack VocalTec Ltd. (CALL): Market cap at $249.05M, most recent closing price at $13.06.  Shares shorted have decreased from 5.27M to 5.10M over the last month, a decrease which represents about 1.91% of the company's float of 8.91M shares. Days to cover ratio at 11.93 days. Correlation with the VIX index at 0.643 over the last 60 days. 

4. Comstock Resources Inc. (CRK): Engages in the acquisition, development, production, and exploration of oil and natural gas properties in the United States. Market cap at $685.32M, most recent closing price at $14.23.  Shares shorted have decreased from 10.36M to 8.26M over the last month, a decrease which represents about 4.69% of the company's float of 44.82M shares. Days to cover ratio at 7.67 days. Correlation with the VIX index at 0.562 over the last 60 days. 

5. Mellanox Technologies, Ltd. (MLNX): Engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. Market cap at $2.31B, most recent closing price at $54.48.  Shares shorted have decreased from 7.29M to 6.76M over the last month, a decrease which represents about 1.45% of the company's float of 36.51M shares. Days to cover ratio at 4.49 days. Correlation with the VIX index at 0.565 over the last 60 days. 

6. Skullcandy, Inc. (SKUL): Develops and distributes headphones and other audio accessories to retailers in the United States and to distributors in various countries worldwide. Market cap at $182.04M, most recent closing price at $6.61.  Shares shorted have decreased from 6.02M to 5.72M over the last month, a decrease which represents about 1.92% of the company's float of 15.66M shares. Days to cover ratio at 8.73 days. Correlation with the VIX index at 0.638 over the last 60 days. 

7. EXCO Resources Inc. (XCO): Engages in the exploration, exploitation, development, and production of onshore North American oil and natural gas properties with a focus on shale resource plays. Market cap at $1.41B, most recent closing price at $6.52.  Shares shorted have decreased from 19.66M to 17.66M over the last month, a decrease which represents about 1.51% of the company's float of 132.70M shares. Days to cover ratio at 5.91 days. Correlation with the VIX index at 0.565 over the last 60 days. 

List compiled by Kapitall's Rebecca Lipman. VIX data sourced from Yahoo! Finance, all other data sourced from Finviz.

 

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