Investing
Short Interest Wanes in Active Stocks (GE, NOK, BAC, VZ, ANR, MCD, AAPL, BBRY, MSFT, DELL, GMCR, CSCO)
Published:
Last Updated:
General Electric Co. (NYSE: GE) short interest fell 9.2% to 78.92 million shares. About 0.8% of GE’s float is now short.
Nokia Corp. (NYSE: NOK) saw short interest fall by 8.6% to 298.69 million shares, about 8.6% of the company’s total float.
Bank of America Corp. (NYSE: BAC) short interest rose 0.6% to 156.73 million shares, which represents 1.5% of the company’s float.
Verizon Communications Inc. (NYSE: VZ) saw a 5.5% drop in short interest to 57.64 million shares, which represents about 2% of the firm’s float.
Alpha Natural Resources Inc. (NYSE: ANR) showed a drop of 1.4% in short interest to 27.86 million shares, about 12.8% of Alpha’s float.
McDonald’s Corp. (NYSE: MCD) showed a drop of 16.1% in short interest to 11.31 million shares, which is about 1.1% of the company’s float.
Apple Inc. (NASDAQ: AAPL) saw a short interest fall by 2.4% to 20.01 million shares, or 2.1% of the company’s float.
BlackBerry (NASDAQ: BBRY) saw short interest rise by 0.5% to 155.7 million shares, or 31.5% of the total float. Short interest continues to be reported under the company’s previous name, Research in Motion Ltd., but the stock symbol has been changed to BBRY.
Microsoft Corp. (NASDAQ: MSFT) posted a 0.2% rise in short interest to 107.98 million shares, about 1.4% of Microsoft’s float.
Dell Inc. (NASDAQ: DELL) short interest declined by 23% to 29.62 million shares. or about 2% of the company’s float.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) saw short interest increase by 1.2% to 34.4 million shares, or 28.3% of the company’s float.
Cisco Systems Inc. (NASDAQ: CSCO) saw short interest drop by 12.9% to 53.87 million shares, or about 1% of the company’s float.
Where the previous report showed a 30% jump in short interest in Dell Inc., the latest report shows a decline of more than 20%. The stock continues to trade higher than the buyout bid offered by Michael Dell and Silver Lake Partners, and the shorts have bailed out, probably believing that a firm — and better — offer will be forthcoming and that shares will rise.
Short interest in BlackBerry only rose a fraction of a point after a much larger jump following the company’s U.S. launch of its new smartphone. McDonald’s saw a large drop in short interest, probably on the woes faces competitor Yum! Brands Inc. (NYSE: YUM) in China. McDonald’s exposure in China is not as large as Yum!’s and the Golden Arches may be able to contain the damage.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our 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.
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.