Short sellers pushed into tech, communications, and industrial companies for the period ending March 15, but largely moved out of financial shares.
Short interest in Cisco (CSCO) was up 12% to 53.7 million. Shares sold short in Ciena (CIEN) rose 45% to 22.6 million. The short interest in Seagate (STX) was up 15% to 27.8% and shares sold short in Micron (MU) rose 7% to 54.8 million. Shares short in Akamia (AKAM) were up 23% to 22.3 million. The short interest in Clearwire (CLWR) was up 15% to 20.8 million. Share short in Comcast (CMCSA) rose 5% to 57.3 million.
Big tech service providers and PC chip did better than the infrastructure firms. The short interest in Oracle (ORCL) fell 9% to 34 million. Shares short in Intel (INTC) dropped 6% to 54.3 million and the short interest in Nvidia (NVDA) dropped 12% to 28.2 million.
Among the financials, shares short in Berkshire Hathaway (BRK.B) were down 39% to 34.9 million. Bank of America (BAC) short interest fell 13% to 105.5 million. Shares short in Visa (V) dropped 14% to 19.3 million.
The big industrials suffered a setback. Share short in Ford (F) were up 8% to 191 million. Shares short in Schlumberger (SLB) were up 50% to 44.3 million. Shares short in Alcoa (AA) were higher by 14% to 80.2 million.
Data from NYSE and NASDAQ.
Douglas A. McIntyre
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