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

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By Douglas A. McIntyre Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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