A look at short interest for stocks traded on the Nasdaq as of May 30 show that traders moved into Yahoo! (YHOO) and out of Sirius (SIRI) Shares short in Yahoo! rose 19.2 million shares to 66.6 million. Share short in Sirius fell 29.1 million to 141.3 million.
Short sellers also moved out of several tech, telecom, and cable companies. Shares short in Dell (DELL) fell 3.5 million to 50 million. Shares short in Oracle (ORCL) moved down 2.3 million to 49.4 million. Short seller pulled out of Level 3 (LVLT), dropping their positions by 7 million shares to 231.9 million. Shares short in Comcast (CMCSA) moved down 7.5 million to 59.2 million.
Short seller did move into some techs, most notably Juniper (JNPR) where the short interest was up 8.7 million to 43.3 million and Symantec (SYMC) where shares short went up 4.3 million to 33.7 million. Shares short in Intel (INTC) were up 2.5 million to 53.3 million. Short interest in Qualcomm (QCOM) rose 2.8 million to 25.3 million.
Data from Nasdaq
Douglas A. McIntyre
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