Dell, MCI, Cisco lead short interest list
crn.com
Dell Tops On Nasdaq Short Interest List
By Eric Hausman New York
11:13 AM EST Thurs., Mar. 25, 1999
Dell Computer Corp. was the most shorted stock on the Nasdaq market, as of March 15, according to the latest Nasdaq short interest data.
Investors increased their short positions in Dell by 28 percent since Feb. 12, with more than 61 million total shorts recorded on March 15.
Shorting is similar to betting that a stock will go down. Only stocks that trade on the Nasdaq market are included in the data, which means some industry companies, such as IBM Corp., Compaq Computer Corp. and Ingram Micro Inc., are not included.
MCI WorldCom Inc. was the second most shorted Nasdaq stock, but it saw an 18 percent decline in shorts and was well behind Dell with 26.3 million shorts.
Cisco Systems Inc., with 17.8 million shorts, and PeopleSoft Corp., with 17.7 million shorts, followed.
Intel Corp., with nearly 17 million shorts, placed seventh but saw a 38 percent jump in short positions over the past month.
Among channel stocks that trade on Nasdaq, MicroAge Inc. experienced a 16 percent rise in shorts to 482,996, while the number of shorts for Tech Data Corp. were relatively unchanged at nearly 1.8 million.
There were 60,904 shorts in Merisel Inc., a 1 percent increase, and 24,143 shorts in CompuCom Systems Inc., a 42 percent decline.
There was a 32 percent increase in short positions in En Pointe Technologies Inc. to 55,598 and a 25 percent increase in shorts of Pomeroy Computer Resources Inc. to 234,774.
Nasdaq will next reveal short interest data on April 27, which will reveal short positions as of April 15.
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