Short sellers have bought into the notion that the financial industry is in full recovery.
Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT (NYSE:CIT) were off 4% to 78.1 million. The short interest in Bank of America (NYSE:BAC) dropped 12% to 67 million. The short interest in JPMorgan (NYSE:JPM) dropped 4% to 37.7 million. Read More
Earnings season has wound down now with over 85% of the S&P 500 Index having reported. Still, there are some key companies posting their quarterly results and some companies were screened out of this list which are still actively traded or widely held stocks. Electronic Arts Inc. (NASDAQ: ERTS), Energy Conversion Devices, Inc. (NASDAQ: ENER), Priceline.com Inc. (NASDAQ: PCLN) and Sequenom Inc. (NASDAQ: SQNM) are on deck Monday. Also this week are earnings from Tyco International Ltd. (NYSE: TYC), Applied Materials Inc. (NASDAQ: AMAT), Macy’s, Inc. (NYSE: M), are Nordstrom Inc. (NYSE: JWN). Wal-Mart Stores, Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) are our two DJIA components reporting this week.
We have included Thomson Reuters consensus estimates and included performance and other important color where applicable. We have shown the share performance since the March 9 close that traders mark as the official end date of the bloody bear market. One issue to consider is that we used the performance since June 30 to keep consistency for our prior previews even though some of the quarter-ends this coming week are technically August 31.
Read More
Short interest in a number of major financial firms rose for the period ending October 15.
Shares short in Citigroup (NYSE:C) rose 51% to 178.1 million. The short interest in CIT (NYSE:CIT) was up 21% to 85.6 million. Share sold short in Freddie Mac (NYSE:FRE) were up 14% to 71.5 million. Shares short in Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) were fairly flat. Read More
The short interest in Apple (NASDAQ:AAPL) was steady in the period that ended on September 30 at 16 million shares.The bet being made against RIM (NASDAQ:RIMM) rose 13% to 13% to 19.2 million. The shares short in other major techs stocks dropped.
Shares short in Broadcom (NASDAQ:BRCD) dropped 14% to 19.1 million. Shares short in Juniper (NADSAQ:JNPR) dropped 11% to 36.8 million. The short interest in Symantec (NASDAQ:SYMC) dropped 8% to 12.9 million shares. Read More
Short sellers posted a mixed record on big banks. Short interest in Citigroup (C) plunged by 73% to 177.5 million shares. The short interest in Bank of America (BAC) was down 18% to 82.2 million. And, shares short in Morgan Stanley (MS) dropped 10% to 39 million.
Shares short in Fannie Mae (FNM) were up a fraction to 188.7 million. The short interest in Well Fargo (WFC) rose 5% to 90.5 million.
Companies with weak earnings prospects and poor balance sheet were hit particularly hard for the period that ended September 15. Shares sold short in Sprint (S) were up 18% to 88.6 million. Shares sold short in Alcatel-Lucent (ALU) rose 37% to 39.4 million. Short interest in Vonage (VG) was up 135% to 10.2 million. Shares short in Blockbuster (BBI) were up 28% to 25.6 million. Read More
We have a whole host of stocks and sectors to watch throughout this coming week. We have Goodyear Tire & Rubber Co. (NYSE: GT) and Cooper Tire & Rubber Co. (NYSE: CTB) to watch on some tariff news. Sprint Nextel Corp. (NYSE: S) will likely be a key mover on Monday on potential merger reports. Grand Canyon Education Inc. (NASDAQ: LOPE) is supposed to have a secondary offering early this week. Earnings are coming from Best Buy Co. (NYSE: BBY), Oracle Corp. (NASDAQ: ORCL), Palm, Inc. (NASDAQ: PALM) and others. $1,000.00 gold is going to be key for the SPDR Gold Shares (NYSE: GLD). CSX Corp. (NYSE: CSX), Union Pacific Corp. (NYSE: UNP), and Sturm, Ruger & Co. Inc. (NYSE: RGR) are all likely suspects to watch for catch-up trading based on news outside of those companies. More details are provided on each of these. Stay tuned this week.
Read More
David Einhorn of Greenlight Capital may do other things other than find companies to short sell. But he became rather well known for his bet against Lehman Brothers even after it had already lost its prestige. Many were covering their short-selling trades, but Einhorn kept his on and won handily for his insight. But Einhorn’s less prominent short sale was in Moody’s Corp. (NYSE: MCO) because of his belief that the models of the ‘independent ratings agencies’ are going to permanently change. And after last’s week’s court ruling that these ratings agencies are not immune against suits because of a protection under the First Amendment for freedom of speech, Einhorn has now started short selling McGraw-Hill Companies, Inc. (NYSE: MHP) as well because it is the owner of Standard & Poor’s.
Read More
Short sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 million. The short interest in Microsoft (MSFT) was down 4% to 65.1 million. Shares short in Cisco (CSCO) fell 14% to 44.2 million. Short interest in Oracle (ORCL) dropped 13% to 29.5 million. The short interest in Nvidia (NVDA) dropped 29% to 26.2 million.
Among other widely followed stocks traded on Nasdaq, shares short in Sirius XM (SIRI) fell 11% to 119.6 million. Shares short in Level 3 (LVLT) were down 5% to 93.8 million. The short interest in Starbucks (SBUX) was up 10% to 44.3 million. Read More
Short sellers moved out of financial shares in great numbers.
As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE) fell 15% to 143 million. The short interest in Wells Fargo (WFC) was down by 9% to 99 million. Shares sold short in American Express (AXP) dropped 20% to 36 million. The short interest in Capitol One (COF) dropped 19% to 30 million. Shares sold short in Visa (V) dropped 22% to 15 million. Read More
We are starting to get more information out of the Securities and Exchange Commission on how it plans to go after some of the abuses which have been prevalent in short selling. Keep in mind that this is pursuing the abuse of short selling, not the use of short selling. The SEC issued a release today outlining several actions meant to protect against abusive short sales and to make more short sale information available to the public.
Read More
Short sellers are will to bet, at least for now, that the worst of the banking earning crisis is over. Short interest in a number of large financial companies fell sharply for the period ending July 15.
Shares sold short in AIG (AIG) fell 91% to 21.9 million. The short interest in Bank of America (BAC) fell 18% to 89.7 million. Shares sold short in Freddie Mac (FRE) dropped 18% to 65.9 million. The short interest in Wells Fargo (WFC) was down 11% to 108 million. Shares sold short in Visa (V) were off 42% to 18.9 million. Read More
Short sellers upped their investments in stocks of the most prominent financial firms. Short interest in Bank of America (BAC), AIG (AIG), Wells Fargo (WFC), and Freddie Mac (FRE) all rose for the period ending June 30.
Short sellers also increased position in several regional banks. Short interest in KeyCorp (KEY) rose 31% to 38.1 million. Shares sold short in Regions Financial (RF) were up 13% to 65.9 million. Shares short in Bank of NY Mellon (BK) rose 31% to 14.2 million, and the short interest in Huntington Bancshares (HBAN) rose 75% to 58.8 million. Read More
A number of short sellers are not buying the tech rally and have substantially increased their positions in Microsoft (MSFT), Dell (DELL), Cisco (CSCO), Symantec (SYMC), and Palm (PALM).
Among other major technology stocks, the short position in Blackberry maker RIM (RIMM) rose 17% to 22.6 million shares. The short interest in competitor Palm was up 10% to 42.2 million. More than 33% of the Palm float is now sold short.
But, it was the really large tech companies that experienced the most notable moves. Read More
There is still some conversation about the federal government restricting short-selling activity in certain stocks. The counterargument to these restrictions is that short selling plays an important role in the valuation of securities by efficiently allowing investors to bet that a stock will fall as readily as they can bet that it will rise. Short sellers have the reputation, whether deserved or not, for trying to manipulate information about public companies with the hope of driving their prices down. That may be true.
24/7 Wall St. has come up with a list of the best short-selling opportunities between now and the end of the year. The list was chosen based on: 1) trading volume, 2) the total short position in the stock over the first half of the year, 3) a history of the short position in these stocks rising or falling rapidly, and 4) stocks in companies that tend to move on news throughout the year and not just on earnings information. Read More
Short Selling looked higher in some of the key solar and alternative energy stocks. Of the top 7 solar stock plays we track by market cap, six of the seven saw increased short selling for June 15 from May 29:
Jon C. Ogg
June 25, 2009
Short sellers jumped out of major financial shares but piled into the stocks for major industrial firms based on data as of June 15. Shorts clearly think the restructuring of the bank industry has taken hold permanently, but that the manufacturing industry is still likely to be troubled.
The short interest in Citigroup (C) dropped 3% to 1.244 billion. Shares sold short in Bank of America (BAC) dropped 20% to 95.5 billion. The short interest in AIG (AIG) fell 4% to 228.7 million shares. Read More
If you follow charts, money-flows, and ways to play macro-trends, you probably know who Dennis Gartman is. We know that you know who Warren Buffett is, and Gartman’s call as a short selling candidate is none other than Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).
Read More
After looking through the short interest changes for the end of May. We saw unusual gains in short selling increases in Dendreon Corporation (NASDAQ: DNDN), DryShips Inc. (NASDAQ: DRYS), E*TRADE Financial Corp. (NASDAQ: ETFC), Flextronics International (NASDAQ: FLEX), Garmin Ltd. (NASDAQ: GRMN), Sirius XM Radio Inc. (NASDAQ: SIRI), and TD Ameritrade Holding (NASDAQ: AMTD). As you will see below, we included the stocks and the short interest changes:
Read More
We have seen the new short interest data out of the NASDAQ and NYSE for the end of May reports. There are many mixed bets in the alternative energy sector. While some of these are large bets on the surface, overall there was a very small change in the latest short interest data compared to months past.
COMPANY NAME (TICKER)……….. MAY 29… Change from May 15
Canadian Solar Inc. (CSIQ)…………2,549,840 -4.3%
Capstone Turbine Corp. (CPST)…… 17,568,058 +5.8%
Clean Energy Fuels Corp. (CLNE)….3,919,108 -0.1%
Energy Conversion Devices (ENER) 12,649,722 +3.7%
Evergreen Solar, Inc. (ESLR)………. 20,225,435 +0.5%
First Solar, Inc. (FSLR)……………… 6,995,776 -2.4%
FuelCell Energy, Inc. (FCEL)………. 5,861,532 +1.7%
GT Solar International (SOLR)……. 5,558,018 -9.7%
JA Solar Holdings, Co. (JASO)……. 6,652,651 +10.4%
LDK Solar Co. Inc. (LDK)…………… 13,719,877 +4.1%
Solarfun Power Holdings Co. (SFUN) 1,337,324 -7.1%
SunPower Corp. (SPWRA)……………. 13,885,421 +9.7%
Suntech Power Holdings Co. (STP)… 10,706,960 +8.1%
Usually you see a clear trend or direction in the alternative energy sector. That does not appear to be the case. As oil has risen steadily, the downside of betting against these may be to steep and managers telling their clients they bet against the rally after all the pain seen already is probably more than a tough sell.
JON C. OGG
JUNE 10, 2009
The short interest in most large banks fell very sharply for the period ending May 29, an indication that traders believe that TARP repayments and ongoing strong earnings mean the fate of American financial firms will continue to improve.
| Today’s top tickerspy Indexes | |
| Home Furnishing R... | +14.1% |
| Ethanol and Biofu... | +5.1% |
| Electronics Retai... | +2.1% |
| Diabetes Stocks | +2.0% |
| Memory Chip Stock... | +2.0% |
 | |
| |
RSS Updates
Email Updates
