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To: Elwood P. Dowd who wrote (94398)	12/21/2001 10:38:39 AM
From: Night Writer	Respond to of 97611

NYSE short interest makes new high in December NEW YORK, Dec 20 (Reuters) -- Short interest on the New York Stock Exchange, the world's largest equity market, rose in the month ended Dec. 14 to a new high, the Big Board said on Thursday. Short interest rose to 6.448 billion shares from 6.274 billion shares sold short in the period ended Nov. 15, an increase of 173.4 million shares. The December figure represented 1.9 percent of the total shares traded on the exchange. The Dec. 14 month reflects transactions through Dec. 11. Short selling occurs when investors sell borrowed shares with the hope of buying back the stock at a lower price, returning the stock and profiting from the difference. If stocks start to rally, short sellers are often forced to buy back into the market to reduce losses, propelling prices even higher. Short sellers opened positions of 100,000 or more shares for companies including: Alamosa Holdings Inc. <APS.N>, Aramark Worldwide Corp. <.RMK>, and Weight Watchers International Inc. <WTW.N>. The following is a table of the 10 biggest short positions held for the month ended Dec. 14, ranked in descending order: COMPANY SHORT POSITION (in millions) Sprint PCS Group <PCS.N> 152 Global Crossing <GX.N> 120 Lucent Technologies <LU.N> 108.4 AT&T Wireless <AWE.N> 90.9 Enron <ENE.N> 88.6 Cendant <CD.N> 87.4 Motorola <MOT.N> 79.7 Nortel Networks <NT.N> 76.2 AOL Time Warner <AOL.N> 66.9 Tyco International <TYC.N> 66.1 ((-- Per Jebsen, Wall Street Desk, 646 223-6152)) REUTERS * end of story *