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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (42891)	4/11/2001 3:01:07 PM
From: QwikSand	Respond to of 64865

At the end of March Sun's open short interest was about 17M shares, around 50% of what it was at the end of November, when it was about 33M shares. Neither of these numbers is remotely important compared to the size of Sun's multi-billion-share total float. The fact that there are more sellers than buyers means prices go down. It doesn't mean that people are selling borrowed stock. Of course there are some short-sellers. And of course, Charles is right, they have approximately zero to do with the current price of SUNW or the current state of the Nasdaq.. --QS