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.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.


Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.