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NYSE Short Interest Rises 2.8% In First Half Of October
In the first half of October, NYSE short interest as reported staged a moderate comeback, rising by 2.8% sequentially to 13.4 billion shares on October 15th, from 13.1 billion at the end of August, and a 1.1% decline from the 13.6 billion shares short on October 15, 2008. The short interest represented 3.51% of total shares outstanding.
The five biggest short interest position increases were in the following companies (possible new long positions established on technicals):
- Citi: 178,057,74; 50.95% (increase in SI sequentially)
- Xerox: 47,136,876; 611.75%
- Pfizer Inc: 285,836,513; 6.81%
- Merck: 195,283,992; 8.9%
- CIT Group Inc 81,042,082; 21.43%
The five biggest short interest position decreases (the stocks the contrarians may be interested in considering shorting):
- General Electric Co: 111,894,884; -13.91%
- EMC Corporation: 44,867,490; -27.34%
- Cemex SAB de CV 28,861,512; -36.49
- Fidelity Nat Info 3,950,367; -79.02%
- Harley-Davidson Inc 33,323,909; -16.4%
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TD, if you have time, Can you post the link on the NYSE web site where this data comes from?
http://www.nyse.com/press/1256639806827.html
Thank you so much. Your work makes my research so much better.
more fuel for the bulls.
"moderate comeback"? Rising by 2.8%?
Drama Queen auditions, 11:30pm tonight at Cielo. 18 Little W 12th St (between 9th Ave & Washington St). I'm sure you'll win if you show...
Unless a new trend to the downside develops, you'll have more of an edge as a buyer than a seller, so I'm buying. +2.5% day in SP.
Paper, basic metals sold off hard.
LOLOLOL!!! that's funny, cause if your serious, it sucks to be you right now.
i took the bulls out back and shot em
bear market proceed.
this is bullish................just when i thought there were no shorts...here they are
Merck, Pfizer, Xerox, and Fidelity National Information Systems were all being shorted as part of merger arbitrages, not bearish sentiment.
Here are the numbers on NASDAQ and some other choice comments:
Short interest numbers for NASDAQ are reported for the period of settlement date October 15th and rose to 6,368,915,506 from 6,337,597,288 from for an increase of 31,318,218 or 0.49%. There were 1,194 increases and 1,544 decreases.
NYSE also had increases/decreases of 1,668 increases with 1,570 decreases.
Dedicated short sellers lost -5.27% in September, as reported by www.hedgeindex.com. In 2008, short sellers made 14.87%. In 2007 short sellers made 6.04%. 2008 turned into the best year since 2005 when this style made 17%. Year to date this style has lost -22.96%.
Notable short squeezes where the shorts pressed include Nutri Systems (NTRI) and Sears Holding (SHLD).
Short interest numbers for NASDAQ are reported for the period of settlement date October 15th and rose to 6,368,915,506 from 6,337,597,288 from for an increase of 31,318,218 or 0.49%. There were 1,194 increases and 1,544 decreases.
In terms of NYSE, the increases/decreases was as follows: 1,668 increases with 1,570 decreases.
Dedicated short sellers lost -5.27% in September, as reported by www.hedgeindex.com. In 2008, short sellers made 14.87%. In 2007 short sellers made 6.04%. 2008 turned into the best year since 2005 when this style made 17%. Year to date this style has lost -22.96%.
Notable short squeezes where the shorts pressed include Nutri Systems (NTRI) and Sears Holding (SHLD).