The October short interest dance cards: SIRI up, DELL down
Some of the large NASDAQ stocks had significant movements for the period ending October 13. These are compared to the previous month when the measurement date was September 15.Which stocks is Wall St.
betting will go up? And, which down?
Sirius Satellite Radio, Inc.
(NASDAQ:SIRI) has had a really tough month, as did XM Satellite Radio Holdings, Inc. (NASDAQ:XMSR). A number of investors just don't think they can recover from their share price slides.
Shares short in Sirius rose by 12.9 million to 142.4 million, which is the third largest short position of any stock traded on the NASDAQ exchange.
XM ranked 20th on the list as its short position rose by 3.7 million shares to 33.9 million.
A lot of the folks on Wall St. think the worst may be behind Yahoo!, Inc.
(NASDAQ:YHOO) short interest as that dropped by 9.3 million shares to 77.9 million.
Not a huge move, but a little ray of sunshine for a company that has had 60 days of rain. Some eBay, Inc. (NASDAQ:EBAY) investors are also looking for better things.
Short interest in the online auction company fell 1.7 million shares to 47.3 million.
The opposite, however, was true of Microsoft Corp. (NASDAQ:MSFT). A number of investors are willing to say it has had its run.
Short interest in MSFT was up a lot, 22.8 million shares, to a total of 97.4 million.
Intel Corp.'s (NASDAQ:INTC) short news was also bad. Shares short rose 7.
4 million to 76.6 million.
Perhaps the oddest move in short interest was Dell, Inc.
(NASDAQ:DELL), which most people have left for road-kill. Short interest dropped 2.5 million shares to 40.
8 million. A Dell resurrection?
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