Rising short interest in tech stocks traded on Nasdaq shows the extent to which investors are willing to bet against the sector. The figures compare shares sold short as of January 31 compared to January 15.
Short interest in Intel (INTC) rose 20.7 million shares to 63.9 million Shares sold short in Dell (DELL) rose 10.3 million to 44.9 million. Shares short in Oracle (ORCL) moved up 1.8 million to 41.5 million. Short interest in Cisco (CSCO) moved up 3.2 million to 40.5 million.
One major exception to rising short sales in tech was Microsoft (MSFT) where short interest fell 17.6 million shares to 89.7 million
Largest Short Positions
Company Share Sold Short
Level 3 (LVLT) 160.4 million shares short
Sirius (SIRI) 112.3 million
Charter (CHTR) 99.4 million
Microsoft 89.7 million
E*Trade (ETFC) 89.1 million
Intel 63.9 million
Comcast (CMCSA) 50.7 million
Dell 44.5 million
Yahoo! 40.7million
Oracle 40.5 million
Cisco (CSCO) 40.5 million
Largest Increases In Short Position
Company Increase in Short Position
Intel 20.7 million increase
Dell 10.3 million
Solarfun Power 8.5 million
Marvell Technology 8.4 million
Popular 6.5 million
Largest Decreases In Shares Short
Company Decrease In Share Sold Short
Micosoft 17.5 million share decrease
Nvidia (NVDA) 9.0 million
Comcast 8.5 million
UTStarcom 6.1 million
RF Micro Devices 4.7 million
Juniper Networks (JNPR) 4.6 million
Data from Nasdaq and WSJ
Douglas A. McIntyre
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