NASDAQ has released its short interest for the end of March, with a March 31, 2008 cut off date. Overall short interest fell by a rate of some 1.2% on NASDAQ for the two-week period to 9,657,092,223. Interestingly enough, there were a few standouts that saw some major gains in short selling.
STOCK (TICKER) MARCH 31 Change Days-Cover
Activision, Inc. (NASDAQ: ATVI) 11,220,128 54.65% 2.29
Leap Wireless Int'l (NASDAQ: LEAP) 14,852,034 38.12% 7.34
Level 3 Comm., Inc. (NASDAQ: LVLT) 243,930,977 9.10% 9.94
Sirius Satellite Radio (NASDAQ: SIRI) 137,781,424 41.50% 2.25
The percentage terms on Level 3 are not that great, but the raw number of shares is significant.
These were not the only gainers out there, but the bets against some of these rising short interest stocks were staggering. You can check NASDAQ short interest on any of these stocks or others at the NASDAQ Trader site dedicated to short interest.
Standout short interest gainers on NASDAQ (ATVI, LEAP, LVLT, SIRI)
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