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Investing

10 Largest Short Positions In NASDAQ Shocks

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By Douglas A. McIntyre Updated Published
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10 Largest Short Positions In NASDAQ Shocks

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[cnxvideo id=”510429″ placement=”ros”]These are the 10 NASDAQ stocks with the largest short positions base on share count for the period that ended June 15.

Sirius XM Holdings Inc. (NASDAQ: SIRI) almost always tops the NASDAQ list, to some extent because of the massive number of shares it has outstanding. Short interest in its shares rose nominally to 202,535,588.

Shares in embattled telecom Frontier Communications Corp. (NASDAQ: FTR) rose 9.7% to 156,739,659.

The short interest in recovering chip company Advanced Micro Devices Inc. (NASDAQ: AMD) fell 8.4% to 83,662,323. It has recently launched chips which take it out of the shadow of larger rival Intel.

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Shares sold short in biopharma MannKind Corp. (NASDAQ:MNKD) dropped 5.9% to 81,398,362. Its shares are down 78% in the last year.

Shares sold short in chip giant Intel Corp. (NASDAQ: INTC) dropped 3.7% to 75,585,961.

Short shares in regional bank Huntington Bancshares Inc. (NASDAQ: HBAN) dropped 2.5% to 68,156,026.

The short interest in biopharma Novavax Inc. (NASDAQ: NVAX) rose 2.5% to 65,877,329.

Shares of the old tech Micron Technology Inc. (NASDAQ: MU) rose 1.9% to 63,693,625.

Shares short in Apple (NASDAQ: AAPL) plunged 36.9% to 62,924,036.

Shares short in hotel firm Marriott International Inc. (NASDAQ: MAR) rose 2.9% to 60,490,611.

Other notable changes include:

Shares short in Netflix Inc. (NASDAQ: NFLX) dropped 6.7% to 36,389,827.

Shares short in Groupon Inc. (NASDAQ: GRPN) were flat at 52,312,904.

Shares in American Airlines Group Inc. (NASDAQ: AAL) dropped 6.2% to 39,496,967.

Shares sold short in Elon Musk’s electric car company Tesla Motors Inc. (NASDAQ: TSLA) were flat at 28,672,145. Shares sold short in its takeover target SolarCity Corp.(NASDAQ: SCTY) were up 4.3% to 27,211,313

Definition from Wall Street Journal: “Short” shares are borrowed and then sold in the hope that the share price will fall before the borrowed shares have to be purchased and replaced. A high level of short interest could indicate that a share price is ready to fall, but can also be a hedge, or counterbet, for an investor who has gone “long,” or bought a lot shares of a company thinking that the share price will rise.

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Photo of Douglas A. McIntyre
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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