30 Downtrend Stocks Being Snapped Up by Institutional Investors

The following is a list of stocks in a downtrend, i.e. trading below the 20-day, 50-day and 200-day moving averages. All of these stocks have seen significant institutional buying over the last three months.

The smart money seems to think the recent weakness in these shares present a buying opportunity. What do you think? Full details below.

Moving average and short float data sourced from Finviz, institutional data sourced from Reuters.

The list has been sorted by the change in institutional ownership over the last three months.

1. Cninsure Inc. (CISG): Insurance Brokers Industry. Market cap of $746.8M. The stock is currently -8.66% below its 20-day MA, -24.15% below its 50-day MA, and -31.97% below its 200-day MA. Institutional investors currently own 30,658,752 shares vs. 22,585,147 shares held three months ago (+35.75% change). Short float at 10.67%, which implies a short ratio of 4.39 days. The stock has lost -20.96% over the last year.

2. Harry Winston Diamond Corporation (HWD): Nonmetallic Mineral Mining Industry. Market cap of $950.22M. The stock is currently -10.55% below its 20-day MA, -10.92% below its 50-day MA, and -5.59% below its 200-day MA. Institutional investors currently own 52,751,266 shares vs. 40,603,769 shares held three months ago (+29.92% change). Short float at 0.34%, which implies a short ratio of 1.33 days. The stock has gained 16.62% over the last year. (more)