Stock Tickers: ETFC, AMTD, SCHW, NITE, OXPS, TRAD, IBKR
The short interest in online brokers is often a guage as to what traders are thinking about the markets because it is one of the directly affected areas by rising or falling trading volume in the overall stock markets. So if shares in the short interest are rising, then short sellers in these names are either building positions for an impending fall in the markets or a drop in trading volume, or they are just fighting the tape.
Stock (Ticker) MAY APRIL CHANGE
E*Trade (ETFC) 16.72M 10.96M 52%
TD Ameritrade (AMTD) 21.45M 13.96M 53%
Schwab (SCHW) 20.66M 18.2M 13.5%
Knight Trading (NITE) 10.02M 8.79M 14%
optionsXpress (OXPS) 5.05M 5.4M -7%
Interactive Brkrs (IBKR) 415K N/A N/A
TradeStation (TRAD) 2.05M 2.1M -2.6%
Jon C. Ogg
May 25, 2007
JOn Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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