Short Stocks:Bets rise against Constellation Brands, Popular
NEW YORK May 11 (Reuters) - Short interest on the New York Stock Exchange dipped 0.36 percent in the second half of April, while short interest on Nasdaq edged up less than 0.1 percent, the exchanges said on Tuesday.
The following list shows stocks that saw large variations 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 April 30.
For factboxes on increases and decreases in short interest see [ID:nN11268727] and [ID:nN11116861].
POPULAR INC (BPOP.O)
Short interest in the company's stock rose more than 500 percent.
The Puerto Rican bank closed a public offering of $1.5 bln in shares on April 19 and posted quarterly results on April 21.
About 94 million of the company's shares were held short.
QWEST COMMUNICATIONS INTERNATIONAL INC (Q.N)
Short interest in the company's stock fell 22 percent.
CenturyTel Inc (CTL.N) said on April 22 it would buy Qwest in a 10.6 billion stock deal. For details see [ID:nN22207937]
About 99.4 million of the company's shares were held short.
CONSTELLATION BRANDS INC (STZ.N)
Short interest in the company's stock rose almost 350 percent.
The company announced a share buyback on April 19, but its 14-day relative strength index, a key technical measure, indicated the stock was at or near an overbought level for the rest of the month.
About 13.6 million of the company's shares were held short.
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