Dendreon Corporation (NASDAQ: DNDN) saw another decent drop with the end of April showing a short interest drop of -8.3% to 32.95 million shares. This is still about 4-days of equivalent share volume in the short interest as of the end of April.
Diamond Foods, Inc. (NASDAQ: DMND) is still a battleground stock but its short interest appears to have already peaked. With mid-April showing only a 1.4% gain in the short interest, the end of April’s short interest data showed a gain of only 0.2% to 11.48 million shares.
First Solar, Inc. (NASDAQ: FSLR) keeps hitting new all-time lows and the short interest had been growing. The end of April settlement data increased by only 2.8% to 23.7 million shares in its short interest.
Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has been seeing a prior rise in the short interest again, but the end of April was only a 4.1% gain to 29.17 million shares. This is higher than earlier in the year but well down from last year’s more active short selling.
Groupon, Inc. (NASDAQ: GRPN) saw another large drop in the short selling as of the end of April settlement date with a drop of -9.3% to 17.427 million shares.
Human Genome Sciences, Inc. (NASDAQ: HGSI) is one where the short sellers are getting out of the way under a possible deal. The short interest at the end of April fell by a whopping 44% down to 25.9 million shares from a mid-April level of over 46.4 million shares short.
LinkedIn Corporation (NYSE: LNKD) has been muted in the short interest of late but the most recent settlement data at the end of April showed that the shorts picked up their activity with a 6.4% gain in the short interest to 4.659 million shares. That is still down about one-third from earlier in the year but it is still over a full day’s worth of trading volume.
Netflix, Inc. (NASDAQ: NFLX) is back in the interest of short sellers with the gains in the end of April’s short interest rising another 14.5% to 11.639 million shares.
Nokia Corporation (NYSE: NOK) appears to be one where the short sellers have started taking their profits. The end of April settlement data showed a drop of over 14% down to 195.14 million shares in the short interest. With shares so low, maybe all the easy money has been made.
Radioshack Corporation (NYSE: RSH) is one where the short sellers have been winning and where the short interest had been growing. Apparently they are starting to think all of the easy money on the short-sale side has been made. The end of April settlement date brought a small drop of -1.2% to 35.4 million shares. Keep in mind that this is over 7-days of equivalent trading volume.
Research in Motion Limited (NASDAQ: RIMM) may still be down and out, but short sellers are not pressing their bets any longer it seems. After a drop in the mid-April drop we see that the end of April’s short interest fell by another 5.4% down to 53.7 million shares.
Sirius XM Radio Inc. (NASDAQ: SIRI) was down a bit more at the end of April with the short interest being down 4.8% at 271.2 million shares. This may reflect the Liberty/Malone efforts and the short interest is down from a peak of more than 300 million shares short in mid-March.
JON C. OGG