Short Stocks: Bets build against Cell Therapeutics, RIM eases
NEW YORK, April 12 (Reuters) - Short interest on the New York Stock Exchange fell at the end of March, while bearish bets on the Nasdaq rose in the same period, the exchanges said on Monday. For story please see [ID:nN12213519].
The following list shows stocks that saw an increase or decrease in interest from short sellers, who bet that a certain stock's price will fall, and key recent news events for those stocks. The data reflect short trades with a settlement date of March 31.
CELL THERAPEUTICS (CTIC.O)
Short interest rose 15.4 percent to 103 million shares
A U.S. advisory panel said in late March that Cell Therapeutics had not collected enough data to win clearance for an experimental lymphoma drug, sending its shares tumbling. [ID:nN22189318]
Cell Therapeutics has since said it plans to request a meeting with the Food and Drug Administration.
STARBUCKS CORP (SBUX.O)
Short interest fell 36.4 percent to 13.5 million shares
Starbucks declared its first dividend in late March, ushering in a broader-based strategy aimed at more sustainable, stable prosperity. [ID:nN24149620]
The company also said it was ready to again expand its U.S. store base and restart international expansion.
RESEARCH IN MOTION RIM.TO RIMM.O
Short interest fell 15.6 percent to 15.2 million shares
Bearish bets in the BlackBerry-maker fell ahead of its quarterly earnings, which were released at the end of March.
The company reported that profit and sales rose in the fourth quarter, but the results lagged expectations and underscored worries that the dominance of its smartphone is waning. [ID:nN26209697]
SCHLUMBERGER LTD (SLB.N)
Short interest rose 8.5 percent to 48.1 million shares
Schlumberger said in March the company will have difficulty meeting Wall Street's profit forecasts this year, because rising natural gas drilling in North America will not lead to "satisfactory returns" this year. [ID:nN22228671]
The company also announced in March it is buying French drilling analysis firm Geoservices for just over $1 billion. [ID:nN24184660] (Reporting by Leah Schnurr; Editing by Steve Orlofsky)
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