Investing
Short Interest For NYSE, November 30: Big Bets Against Financials, Tech
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The November 30 short interest of NYSE traded stocks shows that the market is predicting a further drop in financial and tech stocks. The numbers compare to November 15, 2007.
The short interest in Countrywide (CFC) rose 18.8 million shares to 131.3 million. Washington Mutual (WM) share short moved up 17.4 million ot 92 million. Share short in Wells Fargo (WFC) rose 11.2 million to 64.8 million. Short interest in Wachovia (WB) and Bank of America (BAC) was also up sharply, as did shares short in Fannie Mae (FNM) and Freddie Mac (FRE)
In the tech sector, shares short in AMD (AMD) moved up 11.6 million to 79.8 million. Short interest in Micron (MU) rose 7 million to 65.7 million.
Largest Short Position
Company Shares Short
Ford (F) 158.2.million
Countrywide 138.3 million
Washington Mutual 92.0 million
Qwest (Q) 81.2 million
AMD 79.8 million
Home Depot (HD) 66.8 million
Micron 65.7 million
Wells Fargo 64.8 million
Best Buy (BBY) 60.9 million
Tenet 60.0 million
GM (GM) 59.9 million
CVC 57.6 million
Time Warner (TWX) 57.1 million
Halliburton (HAL) 54.6 million
GE (GE) 52.7 million
Fannie Mae (FNM) 50.6 million
Largest Increase In Short Positions
Company Increase In Shares Short
Fannie Mae 26.6 million share increase
Mylan 20.9 million
Countrywide 18.8 million
Washington Mutual 17.4 million
Freddie Mac (FRE) 16.2 million
Qwest 14.5 million
AMD 11.6 million
Well Fargo 11.2 mllion
Largest Decreases In Short Positions
Company Drop In Shares Sold Short
CVS (CVS) Down 10.1 million shares
Chesapeake Energy Down 9.9 million
Bristol-Myers (BMY) Down 9.8 million
GE (GE) Down 8.9 million
AT&T (T) Down 8.4 million
Data from NYSE
Douglas A. McIntyre
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