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

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By Douglas A. McIntyre Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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