Shorting the Brokerage Stocks (MS, GS, BSC, AGE, JEF, RJF, MER, LEH, IAI)

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By Douglas A. McIntyre Published
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Stock Tickers: MS, GS, BSC, AGE, JEF, RJF, MER, LEH, IAI

The short interest for MAY 2007 looks a bit mixed in the brokerage firm stocks from April to May, although on a net basis you can see that there was all in all a fairly large rise the short interest of the brokerage firm stocks.  The iShares US BrokerDealers (IAI) saw a short interest rise of 18% from 1.539 million in April to 1.821 million shares in May.  Merrill Lynch and Lehman Bros were the only two major brokerage firms that saw a drop in their short interest from April to May.  Here is the rest of the May short interest versus April:

STOCK (Ticker)                MAY07    APR07    Change
Morgan Stanley (MS)       10.21M    8.86M    29.9%
Goldman Sachs (GS)      8.53M    7.09M     20.7%
Bear Stearns (BSC)         6.28M    5.97M     5.2%
A.G.Edwards (AGE)         2.93M    2.84M      1.9%
Jefferies (JEF)                  6.78M    6.44M      5.2%
Raymond James (RJF)  2.95M    2.55M    15.6%

lower short interest…..

Merrill Lynch (MER)         14.41M    14.97M    -3.75%
Lehman (LEH)                 10.67M    11.08M    -3.73%

Jon C. Ogg
May 22, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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