Investing
Short Sellers Backed Off CMGI Into Earnings (CMGI)
Published:
Last Updated:
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.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
