Monday, October 7, 2013

The Nasdaq's 5 Most Hated Stocks: EBIX, SODA, UNXL, SRPT, OUTR

It wasn't that long ago that the technology-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC  ) was hitting a 13-year high. Sure, the government shutdown took a bit of wind out of the Nasdaq's sails, but overall it's been an incredible ride for an index that is now up 201% from its March 2009 closing low.

It's not hard to understand why so many high-growth stocks are feeling the love as interest rates sit near record lows, which is allowing for debt refinancing and borrowing at very attractive levels. In other words, few tech companies have to worry much about lending rates and are instead focused on expanding as fast as they can.

As we do each month, let's take a look at the Nasdaq's five most hated companies -- in essence, the five most short-sold stocks. Why? So we can see what characteristics they might share in order to avoid buying into similar companies that have drawn the ire of short-sellers.

Here are the five most hated Nasdaq components as of Oct. 1: (more)

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