Nasdaq Short Interest: Sellers Flee Big Tech

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By Douglas A. McIntyre Published
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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

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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