NYSE Companies With Largest Short Interest

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By Douglas A. McIntyre Updated Published
NYSE Companies With Largest Short Interest

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For the period that ended on November 13, the five NYSE companies with the largest short positions were General Electric (NYSE: GE), Chesapeake Energy (NYSE: CHK), Vale S A (NYSE: VALE), Sprint (NYSE: S), and Petroleo Brasileiro Petrobras (NYSE: PBR). Several of these public corporations are troubled.

GE is in the midst of a turnaround, which may end a decade of poor results. Short interest in the conglomerate rose 82% to 397 million.

Short interest in Chesapeake Energy rose 4% to 228 million. The oil and gas company expects the value of its assets to fall with the drop in energy prices.

Vale, one of the world’s largest miners, has also suffered from a drop in the value of its assets as prices for metals continues to fall.

Sprint has dropped to fourth place in the wireless carrier business, behind aggressive T-Mobile (NYSE: TMUS), and much larger AT&T (NYSE: T) and Verizon (NYSE: VZ). Its controlling shareholder SoftBank has needed to dump more money into the company in the hope it can remain competitive.

Petrobas, the largest Brazilian oil company, has been hurt by a drop in oil prices and a string of management-related scandals.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

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.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

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.

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