Investing
Shorting the NASDAQ Hi-Flyers (June 2007) (ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS)
Published:
Stock Tickers: ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS
It is always interesting to see how short interest changes month to month in the lower priced more active stocks on NASDAQ that get attention from the fast money and retail investor with a degree of fervor. Here is a list of the changes from May to June, and you can tell that the changes here show more short sellers increasing their activity over the last month.
Company (Ticker) JUNE MAY CHANGE
Atmel (ATML) 10.67M 9.70M +9.9%
Conexant (CNXT) 45.8M 40.5M +12.8%
Charter Comm. (CHTR) 90.8M 91.1M (-0.25%)
CMGI (CMGI) 33.5M 27.3M +22.5%
Finisar (FNSR) 29.4M 25.2M +16.6%
Level 3 (LVLT) 119.9M 109.3M +9.7%
PMC-Sierra (PMCS) 28.1M 25.8M +8.8%
SIRIS (SIRI) 101M 91.2M +10.7%
Sun Micro (SUNW) 28.9M 30.2M (-4.2%)
3COM (COMS) 25.8M 21.5M +19.6%
The NASDAQ 100 Trust (QQQQ) saw its short interest rise more than 26%, with its short interest carried at 197.6 million shares in June compared to 156.6 million in May. Stay tuned Wednesday as we’ll have more of the sectors broken down for chips, Internet, biotech and more.
Jon C. Ogg
June 27, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.