Many tech stocks have doubled or tripled from the March market lows. Short sellers are in many cases willing to bet that ride is not over.
The short interest in Micron (MU) rose 75 million shares to 63.3 million. Shares short in Intel (INTC) were up 3.1 million to 53.4 million. The short interest in Applied Materials (AMAT) was up 3 million to 37.1 million. Shares short in Marvel (MRVL) were higher by 2.7 million to 13.3 million. Shares sold short in Palm (PALM), Dell (DELL), Oracle (ORCL), and Qualcomm (QCOM) also rose.
The short interest in big financial firms mostly fell. Citigroup (C) shares short dropped 5% to 523 million. The short interest in Bank of America (BAC) was down 11% to 93 million. The short interest in Freddie Mac (FRE) dropped 2% to 57.3 million. The short interest in Regions Financial was down as was the short interest in Bank of Canada, US Bancorp, and Banco Santander.
Data from NYSE and NASDAQ.
Douglas A. McIntyre
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