Angie's List Inc. saw the largest jump in short interest relative to shares outstanding among Kagan-covered new media companies between April 28 and May 15.

The percentage of the company's shares held short relative to shares outstanding increased 942 basis points to 15.07% as of May 15.

Wayfair Inc. took the top spot on the list of new media companies with the steepest declines in short interest in the first half of May. The company saw short interest fall 484 basis points to 21.88% of shares outstanding at the end of the period.

Pandora Media Inc. topped the list of most shorted new media companies during the period. The company saw short interest fall 58 basis points to 27.92% of shares outstanding.

Kagan is a research group within S&P Global Market Intelligence.