John123
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John123 in Gainers & Losers,

Short sellers pay attention to Nordstrom, even if shoppers don't

Short interest in Nordstrom (JWN) edged down in late June, but company remains the most shorted S&P 500 retailer as department stores struggle against the Amazon.com onslaught/

JWN and other department stores and apparel sellers have been hobbled as consumers spend less on high-end clothes and more on dinners, electronics and home improvement, often buying online.

About 18.9% of Nordstrom's outstanding shares were sold short at end of June, down slightly from 19.3% in mid-June, though still at historically high levels for the retailer, according to Nasdaq data

By comparison, short interest was 12.9% for Michael Kors Holdings and 11.8% for Tiffany & Co TIF.N at end-June. Short interest in Macy's is just 3.1%

JWN gained 7% past week. Perhaps we can get short squeeze in this stock. It can be a very good short term speculative play.