May Short Interest in Bank Stocks Mixed (JPM, STI, USB, NCC, STT, BAC, C, WFC, BK)

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By Douglas A. McIntyre Published

Stock Tickers: JPM, STI, USB, NCC, STT, BAC, C, WFC, BK

The short interest for MAY 2007 is out., and there is notreally any trend in the large money-center and super-regional banks sector.  We noticed an increase in the regional bank ETF short interest:  The KBW Bank ETF (KBE) rose from a short interest of 229,700 in April 2007 to 390,000 in May; and the Regional Bank HOLDRs Trust (RKH) saw its short interest of 2.48 million in April rise to 3.049 million in May; iShares Financial Sector Fund (IYF), 41.4% banking, saw its short interest of 263,100 in April grow to 330,600 in May. 

Here is the rest of the May short interest versus April:

STOCK (Ticker)                    MAY07    APR07    Change
JPMorgan Chase (JPM)    28.24M    27.47M    2.7%
SunTrust Banks (STI)        7.94M      5.81M      36%
US Bancorp (USB)             25.23M    24.8M      1.46%
National City (NCC)           26.66M    22.34M    19.3%
State Street (STT)               12.44M    9.58M      29%

lower short interest…..
Bank of America (BAC)      28.72M    32.3M     -11%
Citigroup (C)                        32.4M      29.49M    -9.0%
Wells Fargo (WFC)             35.97M    36.69M    -1.9%
Bank of New York (BK)       5.04M      6.23M      -19%

Jon C. Ogg
May 22, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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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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