NYSE Short Interest: Bets Against Financial Firms Rises
Short interest in companies traded on the NYSE increased for a number of financial firms based on positions as of February 15. The data compares to numbers on January 31 Shares sold short in Citigroup (NYSE: C) rose 10.9 million…
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Short interest in companies traded on the NYSE increased for a number of financial firms based on positions as of February 15. The data compares to numbers on January 31
Shares sold short in Citigroup (NYSE: C) rose 10.9 million shares to 92.8 million. Shares short in Bank of America (NYSE: BAC) moved up 6.3 million to 68.8 million. Shares sold short in Wachovia (NYSE: WB) jumped 16.3 million to 96.8 million. Shares short in Fannie Mae (NYSE: FNM) increased by 8.8 million to 51.8 million.
Other significant short stakes:
Largest positions in shares sold short
Company Shares Short
Ford (NYSE: F) 216.3 million shares short
Washington Mutual (NYSE: WM) 148,4 million
Countrywide (NYSE: CFC) 103.1 million
Wachovia 96.8 million
Wells Fargo (NYSE: WFC) 96.5 million
Citigroup 92.8 million
Qwest (NYSE: Q) 92.0 million
AMD (NYSE: AMD) 89.8 million
Micron (NYSE: MU) 80.6 million
Bank of Amerca 68.8 million
Home Depot (NYSE: HD) 65.2 million
GM (NYSE: GM) 63.4 million
EMC (NYSE: EMC) 63.2 million
Largest Increases In Short Position
Washington Mutual 17.6 million increase
Wachovia 16.3 million
Citigroup 10.9 million
CItadel 10.9 million
Freddie Mac (NYSE: FRE) 9.7 million
Qwest (NYSE:Q) 9.6 million
AT&T (NYSE: T) 9.5 million
Decrease In Short Interest
Best Buy (NYSE: BBY) 19.7 million drop
Rite Aid 19.6 million
Countrywide 10.0 million
MBIA (NYSE: MBI) 8.5 million
Mirant 7.4 million
Motorola (NYSE: MOT) 6.5 million
Texas Instrument (NYSE: TXN) 6.5 million
GE (NYSE:GE) 6.5 million
Data from NYSE and WSJ
Douglas A. McIntyre
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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.
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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.