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Banking, finance, and taxes

September Short Interest Decreases At NYSE & AMEX (NYX, NDAQ)

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By Douglas A. McIntyre Published
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The short interest data for the NYSE Euronext (NYSE:NYX) and the American Stock Exchange are both out and they are both showing something we haven’t seen for some time:  short interest declined, if you can believe it.  For months this was a growing number as the market was rising. 

The NYSE Group showed short interest on the September 14 settlement date listed as 11,841,051,529 shares, down from 12,466,511,521 as of August 15, 2007.  This is the first drop from when January 2007 short interest of 9.68 Billion shares fell to 9.595 Billion shares in February 2007.

Over at the AMEX, there was also a drop in the total short interest.  August 15, 2007 showed 1,194,902,117 shares in the total short interest, yet today’s numbers shows 1,032,872,816 shares as of the September 14, 2007 settlement date.  The last drop seen on AMEX short interest was listed when the 877,477,463 shares short in March 2007 fell to 865,833,907 in April 2007.

It appears that maybe short sellers figured it out this time and decided that being short stocks going into a rate cutting cycle wasn’t a good play.  The short interest report for NASDAQ (NASDAQ:NDAQ) will not be out until next week, so stay tuned.  Throughout the night or tomorrow we’ll have some individual short interest data.

Jon C. Ogg
September 20, 2007

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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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