4 Stocks With High Short Interest That Could Rise

Skullcandy, which makes headphones and other audio accessories, is another embattled name with a high-short interest. Despite this, shares have jumped since the start of 2012, gaining 39%.

According to Nasdaq.com, 8.8 million shares were held short as of the end of March, the last data available. Skullcandy has a 28.1 short-to-cover ratio, an exceptionally high number.

The company recently had its CFO and General Counsel Mitch Edwards resign, but Piper Jaffray analyst Jeffrey Klinefelter does not see this as a major event. "New packaging has begun to arrive in stores which is the first of several actions that we anticipate successfully elevating the brand during 2012," Klinefelter wrote in a March research report. He rates Skullcandy "overweight" with a $26 price target.

Skullcandy is set to report earnings on May 2. Analysts polled by Thomson Reuters are looking for earnings of 4 cents per share on $44.29 million in revenue.

Travelzoo

Like the aforementioned Groupon, Travelzoo competes in the online daily-deals space, with most of its focus on travel and entertainment deals.