Investing

Large Short Interest Change in Cult Stocks in August (ALU, ABK, BGP, BRCD, C, DRYS, PMI, BPOP, RAD, SIRI, S, VG)

Popular, Inc. (NASDAQ: BPOP) is still seeing a steady drop after that capital raise earlier in the year.  At August 13 the short interest was 14.48 million, down by -5.3% from 15.3 million on July 30.  This was 25,518,384 in the short interest as of May 28.

Rite Aid Corporation (NYSE: RAD), despite all its woes, saw a large drop in the short interest: 31.93 million on August 13 versus 36.03 million on July 30.

Sirius XM Radio Inc. (NASDAQ: SIRI) was a significant drop as the company keeps raising guidance.  August 13 showed 184.76 million shares short, down a sharp -11.5% from 208.65 million on July 30.

Sprint Nextel Corporation (NYSE: S) is seeing a return to higher and higher short interest as the shares short on August 13 were 91.35 million shares short, up 6.7%  from the 85.59 million on July 30.  The largest we saw in any recent months was 100,520,184 shares short as of May 28.

Vonage Holdings Corp. (NYSE: VG) has been climbing in the short interest through time, although we are seeing a drop this month: 8.055 million on August 13, down 0.6% from 8.1 million on July 30.

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JON C. OGG

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