Mixed Tech-Leader Short Selling, Only Partial Tell (AAPL, AMZN, CSCO, MSFT, GOOG, YHOO, INTC, ORCL, QCOM, RIMM, QQQQ)

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By Douglas A. McIntyre Updated Published
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We have seen what appears to be a mixed bag of shares listed in the short interest of the most active NASDAQ tech stocks traded day in and day out.  Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Cisco Systems, Inc. (NASDAQ: CSCO), Microsoft Corporation (NASDAQ: MSFT) and Google Inc. (NASDAQ: GOOG) all saw decreases to their short interest.  While there was an increase in the short interest of Yahoo! Inc. (NASDAQ: YHOO), Intel Corporation (NASDAQ: INTC), Oracle Corporation (NASDAQ: ORCL), QUALCOMM Incorporated (NASDAQ: QCOM) and Research In Motion Limited (NASDAQ: RIMM), these actually do not come close on a percentage basis to the declines seen when you compare the relative changes.

These ten stocks listed here account for more than 40% of the NASDAQ -100 weighting measured by the Powershares QQQ (NASDAQ: QQQQ).  The short interest on the QQQQ Trust rose 9.5% to 130.3 million shares, but this is often sector and position hedging in a key ETF rather than indicative of added bets against technology stocks.  We have compiled the data for the settlement as-of date of December 15, versus a prior date of November 30.  A percentage change in the open interest of each has also been noted:

(Stock)
DEC. 15        NOV. 30     %Change
Apple Inc. (NASDAQ: AAPL)
11,625,586   13,539,121  -20.2%
Amazon.com, Inc. (NASDAQ: AMZN)
13,676,953   17,145,423  -14.1%
Cisco Systems, Inc. (NASDAQ: CSCO)
39,310,763   43,299,168  -9.2%
Microsoft Corporation (NASDAQ: MSFT)
61,237,637   63,968,585 -4.3%
Google Inc. (NASDAQ: GOOG)
3,765,308    3,830,498  -1.7%

DEC. 15        NOV. 30     %Change

Yahoo! Inc. (NASDAQ: YHOO)
27,634,497   24,821,658  +11.3%
Intel Corporation (NASDAQ: INTC)
54,383,850   52,624,694    +3.3%
Oracle Corporation (NASDAQ: ORCL)
22,192,991   21,606,848  +2.7%
QUALCOMM Incorporated (NASDAQ: QCOM
23,428,205   22,953,710  +2.1%
Research In Motion Limited (NASDAQ: RIMM)
22,641,813   22,321,757  +1.4%

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JON C. OGG

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About the Author Douglas A. McIntyre →

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.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

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.

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