Stocks With the Largest Short Interest

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By Douglas A. McIntyre Published
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Several companies had more than 100 million shares sold short for the two-week period that ended on August 15.

Among these was perennial leader Sirius XM Holdings Inc. (NASDAQ: SIRI), with a short interest of 291 million, down 6 million from the two weeks before. The company is small compared to most others with large short interest. Its market capitalization was $20 billion on the day of the measurement. Sirius shares sold short are 14% of its entire float, a number that is relatively high.

Next on the list is AT&T Inc. (NYSE: T), with a short interest of 205 million, which is higher by almost 9 million. The figure is fairly small compared to AT&T’s float, at only 4%.

A small telecom follows AT&T on the list — Frontier Communications Corp. (NASDAQ: FTR). Its short interest, at 149 million shares, is 15% of its float. However, the shares sold short dropped 28 million compared to the two weeks prior.

Next on the list of companies ranked by short interest is Intel’s tiny competitor Advanced Micro Devices Inc. (NYSE: AMD), which has struggled to stay in business. Its short interest was 140 million, down 13 million, but still 23% of its float.

Ironically, Intel Corp. (NASDAQ: INTC) is the next on the list of companies with most shares sold short, at 125 million, which is down 10 million. As a percentage of its float, short interest is only a little over 3%, which is a large contrast to AMD’s number.

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Following Intel is another tech company, Micron Technology Inc. (NASDAQ: MU), with a short interest of 105 million shares. That is down 20 million during the period and 10% of the company’s float.

Next on the list is troubled Bank of America Corp. (NYSE: BAC), with a short interest of 103 million, up just under 2 million. The bank has been the subject of a number of government investigations and recently agreed to pay the federal government a fine of $16.7 billion. However, as a percentage of float, the short interest is only 1%.

The last public corporation on the list of companies with short interest of over 100 million is battered telecom Sprint Corp. (NYSE: S), which has been bleeding customers and recently replaced its CEO. Sprint’s controlling shareholder is Japanese company Softbank. Sprint’s shares sold short reached 100 million, up 16 million, or 19% of its float.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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