Investing

Short Sellings Move Back Into Financials, Target Industrials, Tech, And Media

Short sellers think financial stocks believe that financial stocks still have further to fall. Based on data as of February 15, short sellers kept a big bet on Citigroup (C). Share short in AIG (AIG) rose 17% to 151 million The short interest in Well Fargo (WFC) was up 11% to 124 million, and shares sold short in Bank of America (BAC) rose 15% to 111 million. Shares sold short in Goldman Sachs (GS) were up 26% to 16 million

Short sellers also made a run at the stocks in large industrial companies. Shares short in GM (GM) rose 9% to 114 million. The short interest in Dow Chemical (DOW) was up 28% to 39 million. Shares short in Corning (GLW) rose rose 33% to 26 million.

Media companies were hit hard by short sellers. The short interest in CBS (CBS) was up 20% to 47 million shares. Shares short in Gannett (GCI) rose 12% to 71 million. The short interest in in McClatchy (MNI) was 29% of the total float and share short in Lee (LEE) were 24% of its float. Twenty-five percent of the float in Cox (CXR) was sold short. At Media General (MEG) the number was 24%. Shares sold short in Yahoo! (YHOO) were up 8% to 43 million and shares sold short in Comcast (CMCSA) were up 5% to 54 million.

In the tech sector, shares short in Intel (INTC) were up 12% to 107 million. Shares sold short in Microsoft (MSFT) were up 14% to 92 million. Shares short in Cisco (CSCO) also rose.

Douglas A. McIntyre

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans  set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.