Bespoke Investments Group's Paul Hickey Talks About The Most Shorted Stocks He Likes

Paul Hickey of Bespoke Investment Group said on CNBC's Fast Money that the most heavily shorted stocks have been under performing the rest of the market this year, with the exception in August, when things got better for this group of stocks and they outperformed the rest of the market.

Hickey believes that SunEdison (NYSE: SUNE) could be a good candidate to trade higher on a short squeeze. It has over 25 percent of its float sold short.

The company has a strong growth potential despite the fact that it is operating in a competitive industry, such as solar space.

Conversant (NASDAQ: CNVR) is also an interesting stock, said Hickey.

The company had content and digital marketing business, but the management has decided to sell the content strategy and it is now focusing solely on digital marketing. It trades at 15 times earnings and it could be interesting to bigger companies as a takeover target.