Short Interest In U.S. Retail Increases In September

Apparently J.C. Penney Company, Inc. (NYSE:JCP) is not the only one in the retail sector that is facing heat. It seems to be an all around difficult time for several names in the retail industry. Citi’s Deborah L Weinswig noted increasingly short interest in the retail sector in September, where borrowed interest in 12 out of 16 names in its retail basket called the Broadlines and Food & Drug retailers, experienced an increase in short positions.

Short interest rises in COST, CVS, JWN

The companies that experienced a more than 5 percent increase in short interest in the first two weeks of September were Costco Wholesale Corporation (NASDAQ:COST) +17 percent, CVS Caremark Corporation (NYSE:CVS) +16.8 percent, Nordstrom, Inc. (NYSE:JWN) +15 percent,...