Many tech stocks have doubled or tripled from the March market lows. Short sellers are in many cases willing to bet that ride is not over.
The short interest in Micron (MU) rose 75 million shares to 63.3 million. Shares short in Intel (INTC) were up 3.1 million to 53.4 million. The short interest in Applied Materials (AMAT) was up 3 million to 37.1 million. Shares short in Marvel (MRVL) were higher by 2.7 million to 13.3 million. Shares sold short in Palm (PALM), Dell (DELL), Oracle (ORCL), and Qualcomm (QCOM) also rose.
The short interest in big financial firms mostly fell. Citigroup (C) shares short dropped 5% to 523 million. The short interest in Bank of America (BAC) was down 11% to 93 million. The short interest in Freddie Mac (FRE) dropped 2% to 57.3 million. The short interest in Regions Financial was down as was the short interest in Bank of Canada, US Bancorp, and Banco Santander.
Data from NYSE and NASDAQ.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
