Shorting the NASDAQ Hi-Flyers (June 2007) (ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS)

Investing

Published: June 27, 2007 8:10 am

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.

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