Investing

Among Actively Traded Stock Market Shares, Short Interest Wanes

Paul Ausick

We have tracked the key short interest changes as of May 31 in the following large cap stock market shares: General Electric Co. (NYSE: GE), Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Verizon Communications Inc. (NYSE: VZ

), Alpha Natural Resources Inc. (NYSE: ANR), McDonald’s Corp. (NYSE: MCD), Apple Inc. (NASDAQ: AAPL), BlackBerry (NASDAQ: BBRY), Microsoft Corp. (NASDAQ: MSFT), Dell Inc. (NASDAQ: DELL), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) and Cisco Systems Inc. (NASDAQ: CSCO).

General Electric Co. (NYSE: GE) short interest fell 9.7% to 83.37 million shares. About 0.8% of GE’s float is now short.

Nokia Corp. (NYSE: NOK) saw short interest rise 8% to 222.34 million shares, about 5.9% of the company’s total float.

Bank of America Corp. (NYSE: BAC) short interest fell 14.9% to 138.59 million shares, which represents 1.53% of the company’s float.

Verizon Communications Inc. (NYSE: VZ) saw a 3.9% drop in short interest to 48.83 million shares, which represents about 1.7% of the firm’s float.

Alpha Natural Resources Inc. (NYSE: ANR) showed a rise of 0.5% in short interest, to 39.91 million shares, or about 18.3% of Alpha’s float.

McDonald’s Corp. (NYSE: MCD) showed a drop of 0.8% in short interest to 9.54 million shares, about 1% of the company’s float.

Apple Inc. (NASDAQ: AAPL) saw short interest fall 7.3% to 24.07 million shares, or 2.6% of the company’s float.

BlackBerry (NASDAQ: BBRY) saw short interest rise by 0.4% to 171.31 million shares, or 34.7% of the total float. Short interest continues to be reported under the company’s previous name, Research In Motion, but the stock symbol has been changed to BBRY.

Microsoft Corp. (NASDAQ: MSFT) posted an 8.2% increase in short interest to 102.8 million shares, about 1.4% of Microsoft’s float.

Dell Inc. (NASDAQ: DELL) short interest declined by 1.7% to 24.55 million shares. or about 1.7% of the company’s float.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) saw short interest decrease by 8.2% to 27.46 million shares, or 22.5% of the company’s float.

Cisco Systems Inc. (NASDAQ: CSCO) saw short interest rise by 1.2% to 54.74 million shares, or about 1% of the company’s float.

As the duel for Dell winds its way toward a conclusion, short interest in the company has dropped by about two-thirds from a recent high in late November 2012. Investors appear to believe that Michael Dell and his partners will succeed in their bid to take the company private for $13.65 a share.

Both Nokia and BlackBerry saw a rise in short interest, while shorts have abandoned Apple. At the end of April, nearly 42 million Apple shares were held short. The number has dropped by more than 40% in just one month. And that was before this week’s Apple pep rally — er, Worldwide Developer Conference.