Short Sellers Cautious on Large Cap Stocks (GE, NOK, BAC, VZ, ANR, MCD, AAPL, RIMM, MSFT, DELL, GMCR, CSCO)

Investing

Published: December 27, 2012 1:59 pm

Last Updated: April 28, 2020 4:48 am

We have tracked the key short interest changes as of December 14th in the following large cap stocks: General Electric Co. (NYSE: GE), Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Verizon Communications Inc. (NYSE: VZ), Alpha Natural Resources Inc. (NYSE: ANR), McDonald’s Corp. (NYSE: MCD), Apple Inc. (NASDAQ: AAPL), Research in Motion Ltd. (NASDAQ: RIMM), Microsoft Corp. (NASDAQ: MSFT), Dell Inc. (NASDAQ: DELL), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR),and Cisco Systems Inc. (NASDAQ: CSCO).

General Electric Co. (NYSE: GE) short interest fell 2.1% to 66.4 million shares, or about 0.6% of Intel’s float is now short.

Nokia Corp. (NYSE: NOK) saw short interest fall by 4.8% to 280.9 million shares, about 7.5% of the company’s total float.

Bank of America Corp. (NYSE: BAC) short interest fell 0.2% to 208.34 million shares, which represents 1.9% of the company’s float.

Verizon Communications Inc. (NYSE: VZ) saw a 15.4% rise in short interest to 51.97 million shares, which represents about 1.8% of the firm’s float.

Alpha Natural Resources Inc. (NYSE: ANR) showed a drop of 5.3% in short interest, to 38.77 million shares, about 17.8% of Alpha’s float.

McDonald’s Corp. (NYSE: MCD) showed a drop of 3.3% in short interest, to 13.41 million shares, about 1.3% of the company’s float.

Apple Inc. (NASDAQ: AAPL) saw a short interest drop of 7.2% to 19.13 million shares, or 2% of the company’s float.

Research in Motion Ltd. (NASDAQ: RIMM) saw short interest rise by 5.2% to 119.62 million shares, or 25.6% of the total float.

Microsoft Corp. (NASDAQ: MSFT) posted a 14.2% drop in short interest, to 92.49 million shares, about 1.2% of Microsoft’s float.

Dell Inc. (NASDAQ: DELL) short interest fall by 9.7%, to 65.86 million shares or about 4.25% of the company’s float.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) saw short interest fall by 21.5% to 39.87 million shares or 33.3% of the company’s float.

Cisco Systems Inc. (NASDAQ: CSCO) saw short interest decline by 17.4% to 62.93 million shares or about 1.2% of the company’s float.

Now that Research in Motion has announced a firm date for the release of its new BlackBerry 10 operating system and compatible smartphones, the shorts have a target. And as for the big move at Green Mountain Coffee, the company has succeeded in minimizing the damage caused by the introduction of a competing single-cup coffee maker by Starbucks Corp. (NASDAQ: SBUX), but Green Mountains remains heavily shorted.

Paul Ausick

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