The helical magnetorotational instability is known to work for resistive rotational flows with comparably steep negative or extremely steep positive shear. The corresponding lower and upper Liu limits of the shear are continuously connected when some axial electrical current is allowed to flow through the rotating fluid. Using a local approximation we demonstrate that the magnetohydrodynamic behavior of this dissipation-induced instability is intimately connected with the nonmodal growth and the pseudospectrum of the underlying purely hydrodynamic problem.PACS numbers: 47.35.Tv, 97.10.Gz, 95.30.Qd The magnetorotational instability (MRI) [1] is believed to trigger turbulence and enable outward transport of angular momentum in magnetized accretion disks [2]. The typical Keplerian rotation of the disks belongs to a wider class of flows with decreasing angular velocity and increasing angular momentum, which are Rayleighstable [3], but susceptible to the standard version of MRI (SMRI), with a vertical magnetic field B z imposed on the rotating flow. For SMRI to operate, both the rotation period and the Alfvén crossing time have to be shorter than the timescale for magnetic diffusion [4]. For a disk of scale height H, this implies that both the magnetic Reynolds number Rm = µ 0 σH2 Ω and the Lundquist number S = µ 0 σHv A must be larger than one (Ω is the angular velocity, µ 0 the magnetic permeability, σ the conductivity, v A the Alfvén velocity).These conditions are safely fulfilled in well-conducting parts of accretion disks. However, the situation is less clear in the "dead zones" of protoplanetary disks, in stellar interiors, and in the liquid cores of planets, because of low magnetic Prandtl numbers Pm = ν/η there [5], i.e. the ratio of viscosity ν to magnetic diffusivity η = (µ 0 σ) −1 . Moreover, in compact objects like stars and planets even the condition of decreasing angular velocity is not everywhere fulfilled: an important counter-example is the equator-near strip (approximately between ±30• ) of the solar tachocline [6], which is, interestingly, also the region of sunspot activity [7].The helical version of MRI (HMRI) is interesting both with respect to the low-Pm problem as well as for regions with positive shear. Adding an azimuthal magnetic field B φ to B z , Hollerbach and Rüdiger [8] had shown that this dissipation-induced instability works also in the inductionless limit, Pm = 0, and scales with the Reynolds number Re = RmPm −1 and the Hartmann number Ha = SPm −1/2 , in contrast to SMRI that is governed by Rm and S. Soon after, Liu et al. [9] showed that HMRI is restricted to rotational flows with negative shear slightly steeper than the Keplerian, or extremely steep positive shear. Specifically, their short-wavelength analysis gave a threshold of the negative steepness of the rotation profile Ω(r), expressed by the Rossby number Ro = r(2Ω) −1 ∂Ω/∂r, of Ro LLL = 2(1− √ 2) ≈ −0.828, and a corresponding threshold of the positive shear, at Ro ULL = 2(1+ √ 2) ≈ 4.828. Here, the abbreviations LLL an...