Sharp Increase In Short Bets On Big Financial Firms

Investing

Published: September 11, 2008 3:20 am

Last Updated: April 28, 2020 4:41 am

Bear Short interest in a number of financial stocks moved up very sharply for the period ending August 29. Shares short in Washington Mutual (WM) rose 12% to 383 million. Short interest in Fannie Mae (FNM) was up 29% to 183 million shares. Shares short in Ambac (ABK) were up 9% to 91 million. Short interest in AIG (AIG) was also up 9% to 86 million. shares.

Shares short in Wells Fargo (WFC) moved up 6% to 176 million.

The short interest in most tech shares fell. Share short in Intel (INTC) fell 17% to 69 million. Short interest in Microsoft (MSFT) fell 11% to 45 million. Shares short in Sun (JAVA) fell 18% to 37 million. Shares short in Marvel dropped 22% to 27 million.

Other notable moves included an increase of shares short in Nvidia (NVDA) of 110% to 47 million and an increase of 10% of shares sold short in Sirius XM (SIRI) to 232 million

Data from NYSE and Nasdaq

Douglas A. McIntyre

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.