Investing

Nasdaq Short Interest: Sellers Flee Big Tech

Based on the Nasdaq short interest in major stocks listed on the exchange as of December 31, shares short in most big tech companies fell. The numbers are compared to those on December 14.

Shares short in Yahoo! (YHOO) fell 16.4 million to 39.1 million. Short interest in Intel (INTC) fell 14.1 million to 55.6 millon. Shares short in Level 2 (LVLT) fell 13.7 million to 153.8 million. Shares in Qualcomm (QCOM) fell 5.8 million to 20.1 million.

The largest increase in shares short at a Nasdaq listed company was a rise of 27.7 million to 81.3 million at E*Trade (EFTC)

Largest Short Position

Company                                       Shares Sold Short

Level 3                                           153.8 million shares short

Microsoft (MSFT)                            112.1 million

Sirius (SIRI)                                    105.0 million

Charter (CHTR)                                 95.3 million

E*Trade                                           81.4 million

Intel                                                55.6 million

Comcast (CMCSA)                          44.5 million

Yahoo!                                            39.1 million

Largest Increases In Short Position

Company                                        Increase In Shares Short

E*Trade                                          27.7 million increase

UTStarcom                                      8.5 million

Syntac-Brillian                                 5.0 million

Cheesecake Factory                        4.5 million

Panera                                           3.3 million

Largest Decreases In Short Position

Company                                        Decrease In Shares Short

Yahoo!                                            16.4 million decrease

Intel                                                14.1 million

Level 3                                            13.7 million

RF Micro                                         12.5 million

Amgen (AMGN)                                8.2 million

Comcast                                          7.3 million

Qualcomm                                       5.8 million

Data from NYSE and WSJ

Douglas A. McIntyre

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