RadioShack Corp. and Amazon.com Inc. have defied short sellers and Wall Street analysts this year by posting the top gains in the Standard & Poor's 500 Index.
Shares of RadioShack, the third-largest U.S. electronics chain, and Amazon, the world's biggest online retailer, were among the 10 most-shorted in the S&P 500 as of June 15, according to data from the New York Stock Exchange and the Nasdaq Stock Market. Short sellers try to profit from stock declines by selling borrowed shares and buying them back at a lower price.
RadioShack has almost doubled since December on buyout speculation and earnings that beat analysts' projections. Amazon jumped 71 percent as the company increased its 2007 profit forecast and introduced a new music download service.
-Bloomberg
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