Many of the most heavily shorted stocks traded on the Nasdaq saw their short interest dwindle between the February 12 and February 29 settlement dates. Yet a few stocks bucked that trend.
For the three-month period ending in January, Apple added to its share of the U.S. smartphone subscriber market and now leads all original equipment manufacturers.
When it came to the most heavily shorted stocks traded on the Nasdaq, short sellers appeared to be remain cautious.
Worldwide smartphone sales in the fourth quarter of 2015 rose more than 9% to more than 400 million units.
Bucking the short interest trend in late January were Frontier Communications, MannKind and Groupon.
For the three-month period ending in December, Apple lost 0.7% share of the U.S. smartphone subscriber market.
Among the most heavily shorted stocks traded on the Nasdaq, the movement was mostly positive though mostly mild in early January.
Between the December 15 and December 31 settlement dates, Intel was the most significant mover among the most heavily shorted stocks traded on the Nasdaq.
For the three-month period ending in November, Apple lost 1% share of the U.S. smartphone subscriber market but still leads all original equipment manufacturers.
After piling on Apple in the previous period, short sellers appeared to change their minds in the heart of the holiday shopping season.
Credit Suisse's Kulbinder Garcha remains quite cautious on BlackBerry's prospects despite an earnings beat.
Jon C. Ogg Monday's top analyst upgrades, downgrades and initiations include Avago Technologies, BlackBerry, Ciena, First Solar, Nabors Industries, Rackspace, SunPower, Tiffany and Yelp.
BlackBerry reported better-than-expected fiscal third-quarter financial results before the markets opened on Friday.
Chris Lange BlackBerry is scheduled to report its fiscal third-quarter financial results before the markets open on Friday.
Chris Lange 24/7 Wall St. has put together a preview of Oracle, Rite Aid and some other major companies reporting their quarterly results this week.
