Short Interest For NYSE, November 30: Big Bets Against Financials, Tech

Investing

Published: December 7, 2007 4:31 am

The November 30 short interest of NYSE traded stocks shows that the market is predicting a further drop in financial and tech stocks. The numbers compare to November 15, 2007.

The short interest in Countrywide (CFC) rose 18.8 million shares to 131.3 million. Washington Mutual (WM) share short moved up 17.4 million ot 92 million. Share short in Wells Fargo (WFC) rose 11.2 million to 64.8 million. Short interest in Wachovia (WB) and Bank of America (BAC) was also up sharply, as did shares short in Fannie Mae (FNM) and Freddie Mac (FRE)

In the tech sector, shares short in AMD (AMD) moved up 11.6 million to 79.8 million. Short interest in Micron (MU) rose 7 million to 65.7 million.

Largest Short Position

Company Shares Short

Ford (F) 158.2.million

Countrywide 138.3 million

Washington Mutual 92.0 million

Qwest (Q) 81.2 million

AMD 79.8 million

Home Depot (HD) 66.8 million

Micron 65.7 million

Wells Fargo 64.8 million

Best Buy (BBY) 60.9 million

Tenet 60.0 million

GM (GM) 59.9 million

CVC 57.6 million

Time Warner (TWX) 57.1 million

Halliburton (HAL) 54.6 million

GE (GE) 52.7 million

Fannie Mae (FNM) 50.6 million

Largest Increase In Short Positions

Company Increase In Shares Short

Fannie Mae 26.6 million share increase

Mylan 20.9 million

Countrywide 18.8 million

Washington Mutual 17.4 million

Freddie Mac (FRE) 16.2 million

Qwest 14.5 million

AMD 11.6 million

Well Fargo 11.2 mllion

Largest Decreases In Short Positions

Company Drop In Shares Sold Short

CVS (CVS) Down 10.1 million shares

Chesapeake Energy Down 9.9 million

Bristol-Myers (BMY) Down 9.8 million

GE (GE) Down 8.9 million

AT&T (T) Down 8.4 million

Data from NYSE

Douglas A. McIntyre

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