Shorts Leave Microsoft (MSFT), Claw Other Tech Stocks (YHOO)(INTC)(CMCSA)(SIRI)(JAVA)(LVLT)
May 28, 2008 by Douglas A. McIntyreShort sellers moved out of Microsoft (MSFT) based on data as of May 15 compared with numbers on April 20. Short interest in the software company fell by 25 million shares to 73.4 million.
Other tech companies were not so lucky. Shares short in Yahoo! (YHOO) rose 9.4 million to 47.3 million. Juniper (JNPR) watched it short interest move up 7.7 million to 34.6 million. Shares short in Comcast (CMCSA) moved up 6.1 million to 66.8 million. Shares short in Intel (INTC) rose 5.8 million to 50.8 million. Short interest in Marvell Tech (MRVL) rose 4.2 million to 25.9 million. Short interest in Adobe (ADBE) was up 3,6 million to 17.3 million.
Several severely beaten down stocks say marked improvement in their short position. Share short in Sirius (SIRI) fell 18.5 million to 170.4 million. Share short in Sun (JAVA) dropped 9.6 million to 23.3 million. The short interest in Level 3 (LVLT) fell by 4.6 million to 238.9 million. And, shares short in Charter (CHTR) moved down by 3.3 million to 78.6 million.
Data from Nasdaq
Douglas A. McIntyre
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