Short Interest Rose in Bank Stocks: June 2007 (JPM, BAC, USB, NCC, STT, C, WFC, BK, STI)

Stock Tickers: JPM, BAC, USB, NCC, STT, C, WFC, BK, STI

The large banking stocks saw a fairly large increase in short interest from May to June in 2007.  That is after a mixed April to May period.  With what happened in rates during the last month that would have probably been expected.  Here is the June 2007 short interest:

STOCK (Ticker)                    JUN07    MAY07   Change
JPMorgan Chase (JPM)     31.94M    28.24M    +12%   
US Bancorp (USB)               35.4M     25.23M     +40% 
National City (NCC)              33.7M    26.66M     +26%
State Street (STT)                 13.8M     12.44M     +10.9%   
Bank of America (BAC)        35.2M     28.72M     +22%   
Citigroup (C)                         31.26M    32.4M       +6%      
Wells Fargo (WFC)              51.8M      35.97M     +44%   
Bank of New York (BK)        7.01M      5.04M       +39%

lower short interest…..
SunTrust Banks (STI)            7.42M    7.94M        -6.5% 

Jon C. Ogg
June 22, 2007

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