Short sellers are making significant bets that most financial stocks traded on the NYSE will fall sharply. Data is as of May 15 and compares to information on April 30.
Short interest in Countrywide (CFC) rose 26 million shares to 102.4 million Share sold short in National City rose 39.6 million to 138.8 milion. Shares short in Fannie Mae (FNM) rose 17.9 to 104.3 million. Short interest in Washington Mutual (WM) moved up 8.4 million to 192.7 million. Shares short in Freddie Mac (FRE) rose 10 million to 63.2 million. Short interest in Ambac (ABK) moved up 10.1 million to 58.2 million.
Among large cap stocks, the short interest was also up in CBS (CBS) rising by 6.7 million to 37.2 million. Short interest in Motorola (MOT) was up 8.8 million to 48.8 million.
The once sector in which short sellers made a major exit was tech and telecom. Share short in Sprint (S) fell 13.6 million to 83.7 million. Short interest in Texas Intruments (TXN) fell 12.2 million to 35.2 million. Short interest in Micron (MU) dropped 6.4 million to 76.9 million. Shares short in HP (HPQ) fell 4.3 million to 23.2 million. And short interest in AMD (AMD) dropped 1.1 million shares to 98 million.
Data from NYSE
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
