Despite questions about iPhone sales and a falling stock price, shares sold short in Apple Inc. (NASDAQ: AAPL) fell 34.1 million shares to 74.3 million for the period that ended December 15.
Apple’s share price has dropped over 8% in the past month.
As an example of recent sentiment, Barron’s reported that Drexel Hamilton’s Brian White wrote:
With 97% of the sales reported for the companies in our Apple Monitor, we estimate preliminary revenue during November fell by 6% MoM and weaker than the average increase of 8% over the past nine years. This compares to the 4% MoM increase in November sales during 2014.
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