The video game sector was a bit weird this month as far as short selling goes. There was no clear direction at all, so there is no real robust call here. The one point of interest is the increase seen in the short interest of Electronic Arts (ERTS). The stock is in the middle of its 52-week trading range, but the upcoming releases of Halo 3 and the new Grand Theft Auto are going to be a risk even if the company does have its new NFL franchise coming ahead of those dates. Stay tuned, or keep playing games.
Stock (Ticker) MAY APRIL Change
GameStop (GME) 3.72M 4.96M -24.8%
Electronic Arts (ERTS) 10.28M 9.45M 8.7%
Activision (ATVI) 17.89M 22.44M -20%
Take-Two (TTWO) 27.33M 28.16M -3%
THQ Interactive (THQI) 6.28M 5.86M 7.1%
Midway Games (MWY) 3.00M 2.89M 3.8%
Jon C. Ogg
May 25, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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