Increased Short Selling in Data-Comm Equipment Stocks (CIEN, CSCO, LVLT, JDSU, JNPR)
With the trends seen lately in communications equipment and data providers because of telecom spending dropping, it is no huge surprise that the short selling has been increasing in some of the stocks in the sector. Some companies showed declines…
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With the trends seen lately in communications equipment and data providers because of telecom spending dropping, it is no huge surprise that the short selling has been increasing in some of the stocks in the sector. Some companies showed declines in short selling, but these are some of the larger companies that showed increases in short sales from mid-August to late in August:
Alternative Energy Aug 29 Aug 15 Change
Ciena Corp. (CIEN) 10,613,944 10,213,947 3.92%
Cisco Systems (CSCO) 61,385,846 60,078,726 2.18%
Level 3 Communications (LVLT) 249,148,929 247,414,113 0.70%
JDS Uniphase Corp. (JDSU) 24,646,634 22,891,958 7.67%
Juniper Networks (JNPR) 29,631,812 26,574,049 11.51%
Jon C. Ogg
September 11, 2008
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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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TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
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.
