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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