Shares Short In Car Companies Rise
Despite a string of strong US car sales, shares short in the two largest American car companies rose for the two week period which ended on January 13. Perhaps investors are concerned about an erosion of sales in Europe or a slowing…
Despite a string of strong US car sales, shares short in the two largest American car companies rose for the two week period which ended on January 13. Perhaps investors are concerned about an erosion of sales in Europe or a slowing of sales in China–the world’s largest car and light truck market
Shares sold short in Ford rose 14.7% to 147.1 million. Ford has the third largest short position by shares of any company traded on the NYSE after Nokia and Bank of America
The short interest in GM rose 13.7 % to 62.3 million
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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.
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.
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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.
