Investing

Shorting the NASDAQ Hi-Flyers (June 2007) (ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS)

Stock Tickers:    ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS

It is always interesting to see how short interest changes month to month in the lower priced more active stocks on NASDAQ that get attention from the fast money and retail investor with a degree of fervor.  Here is a list of the changes from May to June, and you can tell that the changes here show more short sellers increasing their activity over the last month.

Company (Ticker)                     JUNE      MAY      CHANGE
Atmel (ATML)                            10.67M   9.70M     +9.9%
Conexant (CNXT)                     45.8M    40.5M      +12.8%
Charter Comm. (CHTR)         90.8M    91.1M      (-0.25%)
CMGI (CMGI)                             33.5M    27.3M      +22.5%    
Finisar (FNSR)                         29.4M    25.2M      +16.6%
Level 3 (LVLT)                          119.9M   109.3M   +9.7%
PMC-Sierra (PMCS)                 28.1M    25.8M      +8.8%
SIRIS (SIRI)                               101M      91.2M     +10.7%
Sun Micro (SUNW)                   28.9M    30.2M       (-4.2%)   
3COM (COMS)                          25.8M     21.5M      +19.6%   

The NASDAQ 100 Trust (QQQQ) saw its short interest rise more than 26%, with its short interest carried at 197.6 million shares in June compared to 156.6 million in May.  Stay tuned Wednesday as we’ll have more of the sectors broken down for chips, Internet, biotech and more.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.