The following is a list of stocks that are close to breaking above their 52-week highs. All of these stocks have conservative accounting practices, according to the ratings developed by forensic accounting firm Audit Integrity.
Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices.
All the companies in this list have high AGR scores above 80, i.e. more conservative and transparent accounting practices than most other firms. Surprisingly, a highly shorted stock came out on top of the list.
AGR scores sourced from Audit Integrity, short float data sourced from Finviz.
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1. BJ's Restaurants, Inc. (BJRI): Restaurants Industry. Market cap of $730M. The company's AGR score stands at 97. Short float at 23.02%, which implies a short ratio of 25.34 days.
2. NBTY, Inc. (NTY): Drug Related Products Industry. Market cap of $3,456B. The company's AGR score stands at 97. Short float at 0.8%, which implies a short ratio of 0.2 days.
3. Boise Inc. (BZ): Paper & Paper Products Industry. Market cap of $624M. The company's AGR score stands at 96. Short float at 7.61%, which implies a short ratio of 3.29 days.
4. Magna International, Inc. (MGA): Auto Parts Industry. Market cap of $9,408B. The company's AGR score stands at 95. Short float at 0.73%, which implies a short ratio of 1.05 days.
5. Alberto-Culver Co. (ACV): Personal Products Industry. Market cap of $3,137B. The company's AGR score stands at 93. Short float at 2.58%, which implies a short ratio of 3.75 days.
6. Vector Group Ltd. (VGR): Cigarettes Industry. Market cap of $1,374B. The company's AGR score stands at 91. Short float at 10.74%, which implies a short ratio of 16.71 days.
7. Aruba Networks, Inc. (ARUN): Computer Peripherals Industry. Market cap of $1,762B. The company's AGR score stands at 85. Short float at 20.62%, which implies a short ratio of 9.36 days.
8. NetSuite Inc. (N): Business Software & Services Industry. Market cap of $1,259B. The company's AGR score stands at 85. Short float at 20.87%, which implies a short ratio of 17.69 days.
9. Diamond Management & Technology Consultants, Inc. (DTPI): Management Services Industry. Market cap of $342M. The company's AGR score stands at 84. Short float at 3.83%, which implies a short ratio of 1.58 days.
10. Ferro Corp. (FOE): Specialty Chemicals Industry. Market cap of $1,005B. The company's AGR score stands at 84. Short float at 5.52%, which implies a short ratio of 4.26 days.
11. Sourcefire, Inc. (FIRE): Security Software & Services Industry. Market cap of $767M. The company's AGR score stands at 82. Short float at 12.08%, which implies a short ratio of 5.78 days.
12. Tim Hortons Inc. (THI): Restaurants Industry. Market cap of $6,325B. The company's AGR score stands at 82. Short float at 0.49%, which implies a short ratio of 4.68 days.
13. Chipotle Mexican Grill, Inc. (CMG): Restaurants Industry. Market cap of $5,108B. The company's AGR score stands at 81. Short float at 10.48%, which implies a short ratio of 4.42 days.
14. Assurant Inc. (AIZ): Accident & Health Insurance Industry. Market cap of $4,008B. The company's AGR score stands at 80. Short float at 2.2%, which implies a short ratio of 1.53 days.
Disclosure: No positions
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