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Short Stocks: Bets build against Dell, Palm, THQ

Fri Nov 9, 2007 7:58pm EST
 
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 NEW YORK, Nov 9 (Reuters) - Short interest on the Nasdaq
rose 1.4 percent in late October, the exchange said on Friday,
suggesting a slight increase in bearish sentiment in the stock
market.
 The following stocks saw increased interest from short
sellers, who bet that a certain stock's price will fall. The
data reflect short trades with a settlement date of Oct. 31.
 For full story please see [ID:nN09385468]. For factbox
please see [ID:nN09376284].
 DELL INC (DELL.O: Quote, Profile, Research, Stock Buzz)
 Short interest in shares of the computer maker rose more
than 38 percent from mid-October to late October.
 The company recently restated financial results from fiscal
2003 through the fiscal first quarter of 2007, reducing
reported net income by a total of $92 million.
 Short interest in the company was at about 37.54 million
shares, or 1.6 percent of its shares outstanding.
 PALM INC (PALM.O: Quote, Profile, Research, Stock Buzz)
 Short interest in shares of the smart-phone maker rose
nearly 24 percent from mid-October to late October
 Analysts at Bear Stearns cut their investment rating on the
stock on valuation last month, saying it faces several
near-term challenges as a device-only company.
 Short interest in the company was about 25.67 million
shares, or 24.5 percent of its shares outstanding.
 THQ INC (THQI.O: Quote, Profile, Research, Stock Buzz)
 Short interest in shares of the video game publisher jumped
more than 37 percent from mid-October to late October.
 The company posted a third-quarter loss last week, as
expected, after warning it expected disappointing sales of some
titles.
 About 8.51 million of the company's shares were held short,
or 12.7 percent of its shares outstanding.
 POPULAR INC (BPOP.O: Quote, Profile, Research, Stock Buzz)
 Short interest in shares of the parent of Banco Popular and
Puerto Rico's largest bank, rose almost 43 percent in the
latest reporting period.
 The company said last month third-quarter profit fell 56
percent, hurt by the U.S. housing downturn and a weak Puerto
Rican economy. The company is also evaluating strategic
alternatives for all its non-core businesses, Popular's chief
executive said last month.
 About 15.59 million shares of the company were held short,
or 5.6 percent of its shares outstanding.
 E*TRADE FINANCIAL CORP (ETFC.O: Quote, Profile, Research, Stock Buzz)
 Short interest increased nearly 17 percent in shares of the
online brokerage.
 The company said on Friday it has seen continued declines
in the fair value of its $3 billion asset-backed securities
portfolio and withdrew its 2007 profit forecast.
 About 29.56 million shares were held short, or 7 percent of
its shares outstanding.
 HAIN CELESTIAL GROUP INC (HAIN.O: Quote, Profile, Research, Stock Buzz)
 Short interest increased more than 58 percent in shares of
the food maker.
 In September, U.S. health regulators disclosed that they
had warned the company about a potentially unsafe herb in some
of its teas. The company has also delayed filing its annual
report with regulators pending a review of its stock option
practices. Analysts at UBS cut their investment rating on the
stock last month.
 About 5.7 million of its shares were held short, or more
than 14 percent of its shares outstanding.
 SHARPER IMAGE CORP SHRP.O
 Sort interest increased more than 15 percent in shares of
the gadget retailer.
 The company said same-store sales fell 21 percent in
September, and decreased by 8 percent in October. A federal
court also denied approval for a settlement in a class-action
lawsuit related to its Ionic Breeze air purifiers last month.
 About 4.36 million of the company's shares were held short,
or 28.8 percent of its shares outstanding.
 (Reporting by Emily Chasan; Editing by Braden Reddall)   


 

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