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Nasdaq Short Interest Rises In Tech And Communications Stocks

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By Douglas A. McIntyre Published
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The short interest in many Nasdaq-traded tech and communications stock rose sharply according to figures from November 30. They compare to number from November 15, 2007.

Shares sold short in Level 3 (LVLT) rose 14.4 million to 164.5 million. Shares short in Sirius (SIRI) moved up 14.4 million to 117.4 million. Short interest in Oracle (ORCL) was up 6.5 million to 37 millio shares. Shares short in Comcast (CMCSA) moved up 8.3 million to 23.5 million

The short interests in Marvell Technology, Tellab, JDS Uniphase, and Nvidia also spiked.

The largest drop in short interest came at Intel (INTC) where the figure fell 9.1 million to 60.9 million.

Largest Short Positions

Company                                    Shares Sold Short

Level 3                                        164.5 million shares short

Sirius                                          113.4 million

Microsoft (MSFT)                         112.9 million

Charter (CHTR)                              94.9 million

Intel                                              60.9 million

Yahoo! (YHOO)                             58.3 million

E*Trade (ETFC)                             49.9 million

Comcast                                      47.5 million

Cisco (CSCO)                              39.2 million

Oracle                                         37.0 million

Largest Increases In Short Position

Company                                     Increase

Level 3                                         14.4 million share increase

Sirius                                           14.4 million

PMC-Sierra                                    8.9 million

Oracle                                           8.5 million

Comcast                                       8.3 million

Telllabs                                         7.0 million

JDSU (JDSU)                                6.6 million

Nvidia                                           6.4 million

Largest Decreases In Shares Sold Short.

Company                                      Decrease

Intel                                              9.1 million share drop

Brocade                                        7.1 million

Charter                                         5.9 milion

Sun (JAVA)                                  4.9 million

Earthlink                                      3.4 million

Medarex                                      2.5 million

Data from Nasdaq

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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