kemble...Short interest...
Dell #6...much covering to do ;))
Short Interest Highlights, Nasdaq Issues
Friday, April 25, 2003
Largest Short Positions
Rank APR 15 MAR 14 Change
1 Microsoft Corp 107,721,079 106,942,031 779,048
2 Cisco Systems 97,406,454 76,789,577 20,616,877
3 Nextel Commun A 74,828,004 80,830,332 -6,002,328
4 Intel Corp 67,834,842 66,599,255 1,235,587
5 Comcast Corp A 57,706,761 60,642,257 -2,935,496
6 Dell Computer 51,791,862 46,651,419 5,140,443
7 Amazon.com Inc 48,927,822 54,173,679 -5,245,857
8 Applied Materials 48,128,549 43,617,197 4,511,352
9 Juniper Networks 45,542,292 38,276,691 7,265,601
10 Oracle Corp 44,542,360 53,992,318 -9,449,958
Nasdaq Short-Sale Level Rises
To New Record Amid Worries
By CRAIG KARMIN
Staff Reporter of THE WALL STREET JOURNAL
NEW YORK -- Despite an end to the fighting in Iraq, short-selling levels on the Nasdaq Stock Market rose for the fourth consecutive month, hitting a new high, as investors continued to worry about the state of the economy and corporate profits.
The number of short-selling positions not closed out, known as short interest, rose 2.8% to a record 4,456,502,765 shares for the month through April 15 from 4,335,164,375 on March 14. As previously reported, short interest on the New York Stock Exchange nudged higher, by nearly 1% on the month, as well.
Investors who sell securities "short" borrow stock and sell it, betting the stock's price will fall and they will be able to buy the shares back later at a lower price for return to the lender. Short interest reflects the number of shares that have yet to be repurchased to give back to lenders. In general, the higher the short interest, the more people are expecting a downturn.
Some investors allocate part of their portfolios to professional short-sellers to hedge, or protect, their assets in case the market falls. Investors might rely on short-selling for other purposes, including a hedging strategy related to corporate mergers and acquisitions, hedging convertible securities and options, or tax-related reasons.
The next Nasdaq short-interest report will appear in The Wall Street Journal on May 28.
Write to Craig Karmin at craig.karmin@wsj.com
Updated April 27, 2003 9:25 p.m. |
