Investing

Short Interest Up In Financials, Mixed In Tech (FRE)(CIT)(EBAY)(INTC)

bearShort interest in a number of major financial firms rose for the period ending October 15.

Shares short in Citigroup (NYSE:C) rose 51% to 178.1 million. The short interest in CIT (NYSE:CIT) was up 21% to 85.6 million. Share sold short in Freddie Mac (NYSE:FRE) were up 14% to 71.5 million. Shares short in Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) were fairly flat.

Shares sold short in Microsoft (NASDAQ:MSFT) dropped 7% to 76.1%. The short interest in Dell (NASDAQ:DELL) dropped 7% to 38.4 milion. Shares sold short in Yahoo! (NASDAQ:YHOO) and eBay (NYSE:EBAY) also dropped.

The short interest in Intel (NASDAQ:INTC) rose 19% to 60.1 million. Shares short in Cisco (NASDAQ:CSCO) were up 17% to 47.2 million. Shares short in Symantec (NASDAQ:SYMC) were up 15% to 25.2%.

Source: NYSE and NASDAQ.

Douglas A. McIntyre

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

 

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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.