Short Interest In Financials, Industrial, And Tech Rises (WM,WB,GM,WFC,C,GE,BAC,INTC,CSCO,DELL,LVLT,YHOO,SIRI,XMSR)

Investing

Published: July 11, 2008 3:03 am

The short interest in most financial and industrial companies rose sharply for the period ending June 30.

Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest in Wachvia (WB) rose 57.9 million to 235.3 million. Share short in GM (GM) rose 32.8 million to 152.9 million. Short interest in Wells Fargo (WFC) moved up 11.3 million to 152.1 million.

Shares short in Citigroup (C) moved up 16.3 million to 152 million. Short interest in Bank of America (BAC) was up 18.8 million to 101.5 million. Shares short in GE (GE) was up 14.9 million to 89.7 million.

Shares sold short in a number of tech and telecom companeis also rose. The short interest in Intel (INTC) was up 27.4 million to 89.1 million. Short interest in Cisco (CSCO) was higher by 7.7 million to 72.6 million. Shares short in Level 3 (LVLT) rose 7.6 million to 244.2 million. The short interest in Dell (DELL) was up 7.4 million to 67.9 million. The short interest in Yahoo! (YHOO) was up 5.7 million to 53.2 million..

Shares short in Sirius (SIRI) rose 5.7 million to 153.9 million. Short interest in XM (XMSR) moved up 5.7 millon to 22.4 million.

Data from NYSE and Nasdaq

Douglas A. McIntyre

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