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Investing

Shorts Bet For GM, Against Ford

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By Douglas A. McIntyre Published
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In February, short sellers moved out of General Motors (GM) and into Ford (F). The short interest in GM dropped 9 million shares, but at Ford shares short jumped 15 million.

Wall St. was smart. Since the beginning of the year, GM’s shares are up almost 17%, while Ford’s are up a little over 10%.

The market is still concerned about two things with Ford. The first is that the company says that its US market share could drop as low as 14% in the next two years. The second is that the company has taken on an additional $23 billion in debt.  But, the head of the UAW is lobbying the media saying that Ford is fine.  It is a self-interested statement based on positioning the big union for its upcoming negotiations with The Big Three. A healthy Ford can continue to pay big health benefits and pension contributions.

The market knows better.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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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