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
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
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.