Nasdaq Short Interest: Betting Against Tech (INTC)(YHOO)(LVLT)(ORCL)(MSFT)

Investing

Published: January 26, 2008 9:17 am

Nasdaq short interest on January 15 shows that investors were willing to make big bets against tech share prices. The numbers are compared to statistics on December 31.

Short interest in Level 3 (LVLT) rose 9.3 million shares to 163 million. Shares sold short in Yahoo! (YHOO) moved up 1.9 million to 41 million. Short interest rose 1 million to 40 million at Palm (PALM) and 6.9 million to 39.7 million at Orcacle (ORCL).

Moving against the trend were Microsoft (MSFT) which had a 4.9 million drop in short interest to 107.3 million and Intel (INTC) where the short interest fell 12.3 million to 43.2 million.

Largest Short Positions

Company Shares Sold Short

Level 3 163.0 million shares short

Sirius (SIRI) 108.7 million

Microsoft 107.3 million

Charter (CHTR) 99.3 million

E*Trade (ETFC) 91.3 million

Comcast (CMCSA) 45.1 million

Intel 43.2 million

Yahoo! 41.0 million

Palm 40,0 million

Oracle 39.7 million

Cisco (CSCO) 37.3 million

Largest Increases In Shares Sold Short

Company Increase In Shares Short

E*Trade 9.9 million increase

Level 3 9.3 milion

Applied Materials 8.3 million

Sonus 7.0 million

Oracle 6.9 million

Largest Decreases In Shares Sold Short

Company Decrease In Shares Short

Intel 12.3 million share decrease

UTStarcom 6.2 million

TDAmeritrade (AMTD) 5.1 million

Microsoft 4.8 million

Data from Nasdaq and WSJ

Douglas A. McIntyre

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