NEW YORK (
) -- Want to know which banks investors are betting against? Take a look at the short interest ratio, which divides average trading volumes by outstanding short interest.
compiled the following results using
data, focusing on banks in the S&P 500. Here's what we found.
People's United Financial
is fifth-most shorted, with a ratio of 2.61. SunTrust shares are down 11.72% year to date.
is fourth-most shorted, with a ratio of 2.70. U.S. Bancorp shares are down 7.37% year to date.
is third-most shorted, with a ratio of 3. Shares are down 42.77% year to date.
M&T Bank Corp.
is second-most shorted, with a ratio of 3.05. M&T Bank shares are down 18.66% year to date.
leads the pack in this category of dubious distinction, with a ratio of 5.45%, nearly double the 2.82% ratio
. Shares are down 37.96% year to date.
>>To see these stocks in action, visit the
portfolio on Stockpickr.
Written by Dan Freed in New York
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.