Sirius XM Holdings Inc. (NASDAQ: SIRI) saw its short interest decline 0.1% to 297.35 million shares, about 12.3% of the stock’s float. Days to cover is now six. After some choppy trading in in the two-week period prior to July 31, the stock price has since remained unchanged. Shares closed 0.4% lower at $3.425 Monday night, in a 52-week range of $2.98 to $4.18.
Short interest in Frontier Communications Corp. (NASDAQ: FTR) rose 1.9% in the two-week period to July 31. Some 176.39 million shares are currently held short, representing 17.7% of the company’s float and a days to cover number of nine. The company’s famously generous dividend yield has slipped to 7% from over 8% in late February. Shares closed Monday night at $6.485, in a 52-week range of $4.09 to $7.24. The share price increased 14% in the two-week short-interest period after peer Windstream’s received approval to spin off some assets into a REIT. The company also received federal approval to acquire AT&T’s operations n Connecticut.
For Intel Corp. (NASDAQ: INTC), short interest fell 16.2% to 135.37 million shares. About 2.7% of Intel’s float is now short and days to cover is three. The stock’s price rose nearly 7% during the two-week period and is up 28% year-to-date. The company said on Monday that it expects its newest low-power, high-performance chip to be available in devices in time for the holiday season. The stock closed at $33.02 Monday, in a 52-week range of $21.89 to $34.83.
Micron Technology Inc. (NASDAQ: MU) has 125.25 million shares held short, up 2.9% from the number held short on July 15, and 11.8% of the company’s float. Days to cover is five for the heavily traded stock. Shares fell more than 10% in the two-week period, but are up nearly 42% year-to-date. Shares closed at $30.74 on Monday, in a 52-week range of $13.05 to $34.85.
Apple Inc. (NASDAQ: AAPL) experienced a decline of 0.2% in short interest during the two-week period to July 31. Some 1.7% of the company’s shares are held short and days to cover is two. The stock’s price is up about 0.3% in the two-week period and more than 21% year-to-date. Shares closed at $95.99 Monday night in a split-adjusted 52-week range of $63.89 to $99.44.
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