Source: 247wallst.com --- Friday, October 10, 2014 In the wake of the successful launch of the new iPhones, short sellers got out of the way of Apple. Its short interest plunged nearly 30% between the September 15 and September 30 settlement dates. While Apple was slipping down the list of the most shorted stocks on the Nasdaq, it passed Microsoft on the way up, with a 30% surge in short interest. The rest of the most shorted stocks were the usual suspects, and the top five all had short interest of more than 100 million shares at the end of the period. The number of Sirius XM Holdings Inc. (NASDAQ: SIRI) shares short increased by about 5.70 million to more than 249.84 million, which was 10.3% of the float. Before this, short interest had been shrinking since the end of June, and now it would take more than six days to cover all short positions. Sirius lost a royalties-related suit during the period. The stock's price fell less than 3% in the two-week period and has pulled back further since. Shares closed at $3.28 on Thursday, in a 52-week range of $2.98 to $4.18. In the period when it announced management changes, the short interest in Frontier Communications Corp. (NASDAQ: FTR) slipped a bit from the previous period to around 148.04 million shares, or 14.9% of the telecom's float. That was the fewest number of shares short in the past year. It would take more than 18 days to cover all short positions. Shares rose more than 2% in the two-weeks to September 30 but have pulled ba ...
In the wake of the successful launch of the new iPhones, short sellers got out of the way of Apple. Its short interest plunged nearly 30% between the September 15 and September 30 settlement dates. While Apple was slipping down the list of the most shorted stocks on the Nasdaq, it passed Microsoft on the way up, with a 30% surge in short interest. The rest of the most shorted stocks were the usual suspects, and the top five all had short interest of more than 100 million shares at the end of the period. The number of Sirius XM Holdings Inc. (NASDAQ: SIRI) shares short increased by about 5.70 million to more than 249.84 million, which was 10.3% of the float. Before this, short interest had been shrinking since the end of June, and now it would take more than six days to cover all short positions. Sirius lost a royalties-related suit during the period. The stock's price fell less than 3% in the two-week period and has pulled back further since. Shares closed at $3.28 on Thursday, in a 52-week range of $2.98 to $4.18. In the period when it announced management changes, the short interest in Frontier Communications Corp. (NASDAQ: FTR) slipped a bit from the previous period to around 148.04 million shares, or 14.9% of the telecom's float. That was the fewest number of shares short in the past year. It would take more than 18 days to cover all short positions. Shares rose more than 2% in the two-weeks to September 30 but have pulled ba ...
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