Investing
Short Seller Rush Out Of Financial Stocks, Tech, And Retail
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Short sellers moved out of financial shares in great numbers.
As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE) fell 15% to 143 million. The short interest in Wells Fargo (WFC) was down by 9% to 99 million. Shares sold short in American Express (AXP) dropped 20% to 36 million. The short interest in Capitol One (COF) dropped 19% to 30 million. Shares sold short in Visa (V) dropped 22% to 15 million.
Short sellers also moved out of major tech shares. Shares short in Texas Instruments (TXN) fell 13% to 29 million. The short interest in AMD (AMD) dropped 10% to 65 million. Shares sold short in Microsoft (MSFT) fell 16% to 68 million. The short interest in Cisco (CSCO) was down 9% to 52 million. Share short in Nvidia (NVDA) dropped 10% to 37 million. Shares sold short in Oracle (ORCL) fell 14% to 34 million, and the short interest in Qualcomm (QCOM) was down 24% to 31 million.
Short sellers also pulled out of most large retailers. Short interest in Wal-Mart (WMT) fell 20% to 28 million. Shares short in Home Depot (HD) dropped 13% to 48 million. Shares short in Lowe’s (LOW) were down 16% to 25 million.
Data from NYSE and Nasdaq.
Douglas A. McIntyre
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