What changed
Trimble Inc. ($TRMB, -19.4%, conf 93) and Realty Income Corporation ($O, -19.3%, conf 91) lead the short book. $TRMB: earnings yield vs bonds ↓, short interest ↓, illiquidity ↑. $O: short interest ↓, illiquidity ↓, earnings yield vs bonds ↓. Tech and REITs both caught by the bond-proxy filter.
Molson Coors Beverage Company ($TAP, -18.1%, conf 91), Bio-Techne Corporation ($TECH, -17.8%, conf 92), Pfizer Inc. ($PFE, -16.7%, conf 91) — defensive labels, same short signal. $TAP: short interest ↓, earnings yield vs bonds ↓, illiquidity ↑. $TECH: earnings yield vs bonds ↓, short interest ↓, 60d volatility ↓. $PFE: earnings yield vs bonds ↓, 60d volatility ↓, illiquidity ↓.
The Mosaic Company ($MOS, -15.9%, conf 90), Live Nation Entertainment, Inc. ($LYV, -15.9%, conf 90), Wynn Resorts, Limited ($WYNN, -15.4%, conf 92) — different sectors, same short-interest/earnings-yield mix. $MOS: short interest ↓, earnings yield vs bonds ↓, illiquidity ↑. $LYV: earnings yield vs bonds ↓, short interest ↓
Why it matters
Trimble Inc. ($TRMB, -19.4%, conf 93) and Realty Income Corporation ($O, -19.3%, conf 91) lead the short book. $TRMB: earnings yield vs bonds ↓, short interest ↓, illiquidity ↑. $O: short interest ↓,