Surprise Short Selling Changes (DNDN, DRYS, ETFC, FLEX, GRMN, SIRI, AMTD)

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By Douglas A. McIntyre Published
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After looking through the short interest changes for the end of May.  We saw unusual gains in short selling increases in Dendreon Corporation (NASDAQ: DNDN), DryShips Inc. (NASDAQ: DRYS), E*TRADE Financial Corp. (NASDAQ: ETFC), Flextronics International (NASDAQ: FLEX), Garmin Ltd. (NASDAQ: GRMN), Sirius XM Radio Inc. (NASDAQ: SIRI), and TD Ameritrade Holding (NASDAQ: AMTD). As you will see below, we included the stocks and the short interest changes:

Stock…………………… May 29……… May 15………. Change
Dendreon Corporation 10,276,875  8,900,777   15.4%
DryShips Inc………….. 15,081,710  12,539,325   20.2%
E*TRADE Financial…… 90,703,730  73,136,352   24.0%
Flextronics Int’l……….. 17,662,392  13,297,657   32.8%
Garmin Ltd……………… 14,151,556  11,944,727   18.4%
Sirius XM Radio Inc…. 175,742,764  147,358,699  19.2%
TD Ameritrade………… 14,387,359  11,673,228   23.2%

Jon C. Ogg
June 10, 2009

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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