Short Stocks: Bets build against tech, retail

Tue Jan 27, 2009 7:49pm EST
 
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 NEW YORK, Jan 27 (Reuters) - Short interest on the New York
Stock Exchange edged up 1.9 percent in mid-January, while it
inched up 0.2 percent on the Nasdaq, suggesting a slight
increase in bearish sentiment.
 The following list shows stocks that saw increased 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 Jan. 15.
 For full story, please see [ID:nN27471522].  For a factbox
with the biggest changes in short interest on the NYSE, please
[ID:nN27527672] and on the Nasdaq, please see [ID:nN27296694].
 Hewlett-Packard Co (HPQ.N)
 Short interest rose 29.2 percent in the company.
 Shares in technology companies, including those of computer
maker Hewlett-Packard, fell on Jan. 7 after Intel (INTC.O) cut
its fourth-quarter revenue estimates, citing weakness in demand
and inventory reductions. HP shares were down 2.1 percent.
[ID:nWNAB7516]
 About 37.18 million of the company's shares were held
short, or 1.54 percent of its total shares outstanding.
 Texas Instruments Inc (TXN.N)
 Short interest rose 22.2 percent in the company.
 The Semiconductor Industry Association, whose members
include Texas Instruments, said on Jan. 2 that global
semiconductor sales fell almost 10 percent in November, as the
economic slowdown shook the chip sector. [ID:nBNG424684]
  About 39.64 million of the company's shares were held
short, or 3.1 percent of its total shares outstanding.
 Harley-Davidson (HOG.N)
 Short interest rose 23.5 percent in the company.
 Shares of the motorcycle maker slid 10 percent on Jan. 12
after Goldman Sachs cut its rating on the stock to "sell" and
reduced its six-month price target to $11 from $30.
[ID:nN12318468]
 About 29.61 million of the company's shares were held
short, or 12.71 percent of its total shares outstanding.
 Nordstrom Inc (JWN.N)
 Short interest rose 25.9 percent in the company.
 The luxury retail chain said on Jan. 8 that December sales
had fallen 8 percent and said deep markdowns meant it would not
meet its fourth-quarter earnings forecast. [ID:nN08485027]
 About 27.43 million of the company's shares were held
short, or 12.7 percent of its total shares outstanding.
 Iron Mountain Inc (IRM.N)
 Short interest rose 40.5 percent in the company.
 Pessimistic bets appeared to building up Jan. 2 against the
records-management company, as investors sought the equity's
put options, perhaps on concerns about the company's short-term
outlook, according to one options strategist. [ID:nN02361991]
 About 19.08 million of the company's shares were held
short, or 9.5 percent of its total shares outstanding.
 Limited Brands Inc (LTD.N)
 Short interest rose 32.1 percent in the company.
 RBC cut the price target of the parent of Victoria's Secret
to $13 from $15 on Jan. 9. [ID:nWNAB8371]
 About 16.24 million of the company's shares were held
short, or 5 percent of its total shares outstanding.
 TD Ameritrade (AMTD.O)
 Short interest rose 112.3 percent in the company.
 The online broker's shares fell 2.7 percent on Jan. 8 after
the company agreed to buy thinkorswim Group Inc (SWIM.O), an
online options and futures trading company, in a $606 billion
[ID:nN08522872]. Credit Suisse cut TD Ameritrade's price target
to $14 from $15 on Jan. 9.
 About 9.48 million of the company's shares were held short,
or 1.6 percent of its total shares outstanding.
 Marvell Technology Group Ltd (MRVL.O)
 Short interest rose 40.5 percent in the company.
 On Jan. 12, Broadpoint Amtech cut the U.S. chipmaker to
neutral from buy, while Barclays cut its price target to $8
from $9. [ID:nWNAB8931]
 About 17 million of the company's shares were held short,
or 2.8 percent of its total shares outstanding.
 (Reporting by Phil Wahba)

 

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