Investing
Short Sellers Backed Off CMGI Into Earnings (CMGI)
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CMGI Inc. (NASDAQ:CMGI) saw its short interest come in at 34.781 million shares in September 2007, down some 12% from the 39.926 million shares listed as being in the August short interest. Shares traded down about 5% last night in after-hours trading after its earnings, although the shares had initially taken a 10% haircut. Here was the full summary of its results.
We had noted ahead of time how the results were going to be more of a focus rather than the side show items. Here are other items of interest pertinent to last night’s earnings report and the short interest:
- CMGI Earnings Expectations (CMGI, SFE, ICGE)
- Prior Guidance
- Safeguard Scientifics CEO Interview by 24/7 Wall St.
- Cult stocks got hammered in August
Jon C. Ogg
September 26, 2007
JOn Ogg produces the 24/7 Wall St., LLC Special Situation Investing Newsletter; he does not own securities in the companies he covers.
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