Some of the large NASDAQ stocks had significant movements in the short interests 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?
Douglas McIntyre is a partner at 24/7 Wall St.
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
Reader Comments (Page 1 of 1)
10-26-2006 @ 11:53PM
R Matthews said...
Greetings
Who takes the most Vitamin’s Democrat’s or Republican?
CAN THE GRATEST VITAMINE IN THE WORLd BE AN ASSET TO EITHER PARTY?
10-28-2006 @ 12:46AM
doug said...
Anyone shorting Sirius Stock after todays Sirius Stiletto 100 product release is playing with fire! I am both a marketing graduate and stock investor. Just look at this new product, its unlike anything ever produced! The Sirius Stiletto 100 combines the "ipod" features (via Yahoo tunes downloading) and Sirius Satelite radio into a portable stylish device that can fit in your pocket. I bought two of these Stiletto 100's and quickly bought the Sirius stock. The units have WIFI built in to listen in areas not reachable by Satelite. The Sirius internet radio is included for free which means you can listen at any personal computer even if you dont have your Stiletto. You can place you Stiletto in a cradle for your car or home for perfect satelite reception. And you can even plug the unit into those "ipod" jacks built into many of the new cars. By the way Yahoo tunes(program included with Stiletto) offers 4.99 per month unlimted song downloads for 24 months prepaid if using your Mastercard to pay. In addition, the Sirius Satelite is only $9.99 per month with a 24 month prepay. Both XM and Apple are gonna scramble to compete with the Sirius Stiletto. Great job Sirius!! This stock will quickly go to $4, then $6, then $8, then maybe $16 or higher.