NEW YORK, Sept 25 Mid-September short interest
on the Nasdaq fell 7.6 percent, the exchange said on Tuesday,
as short sellers took advantage of a market decline to close
out positions and take profits.
The following stocks saw increased interest from short
sellers, who bet that a stock is overvalued and that its price
will fall. The data reflect short trades with a settlement date
of Sept. 14.
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CROCS INC (CROX.O)
Short interest in the maker of colorful plastic shoes
jumped 45 percent from August as the company got a spate of bad
publicity from claims its shoes, made with pliable, plastic
resin, are prone to catch on escalators and cause injuries.
Short interest in the stock rose to about 18.6 million
shares, or nearly 23 percent of its shares outstanding.
SEARS HOLDINGS CORP (SHLD.O)
Short interest in the retailer rose more than 14 percent
through mid-September after the company said second-quarter
profit fell 40 percent.
Short positions in the operator of Sears and Kmart stores
stood at about 13.7 million shares, approaching 10 percent of
its total shares outstanding.
NUTRISYSTEM INC (NTRI.O)
Short interest in the fitness products company rose more
than 20 percent. Citigroup recently cut its investment rating
on the stock, saying it could be impacted in the short term by
the threat from obesity drug Alli.
Through mid-September short positions in the stock stood at
about 14.2 million shares, or almost 42 percent of
NutriSystem's shares outstanding.
TRIAD GUARANTY INC TGIC.O
Short sellers piled into shares of mortgage insurance
company, boosting its short interest by more than 50 percent
The company's stock price is down about 17 percent since
mid-August. In late August the company announced it was
borrowing $80 million under a revolving line of credit.
According to the exchange's September data, about 5.4
million shares of the stock are held short -- about 36 percent
of its shares outstanding.
LULULEMON ATHLETICA (LULU.O) LLL.TO
Short interest in the U.S.-traded shares of the trendy
workout retailer rose 27 percent from mid August.
The company, which made its market debut in late July,
delivered a third quarter forecast this month that did not beat
About 2.6 million of the company's U.S. shares are held
short, according to Nasdaq data.
PETSMART INC PETM.O
Short interest rose more than 85 percent in shares of the
pet supplies retailer. The company's chief executive said this
month it is still recovering from last spring's pet food recall
and that it will have experienced a sales shortfall by the end
of this year of "some tens of millions of dollars."
Short interest in the stock was about 9.1 million shares in
mid-September, or nearly 7 percent of the company's shares
(Reporting by Emily Chasan)