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Short Interest on Apple (AAPL) Rises 6.5% Into Annual Meeting

February 12, 2013 7:46 AM EST Send to a Friend
Into Apple's (Nasdaq: AAPL) Annual Shareholders Meeting on February 27th, it appears that a few more investors are taking a cautious stance.

According to the latest market data, short interest on Apple rose 6.5 percent from the middle through end of January 2013. Total shares currently held short are at 18.86 million, or about two percent of float. It's not a large number, but the timing is interesting.

As of the close on January 31, total value short is about $8.54 billion, or about $400 million more than BlackBerry's (Nasdaq: BBRY) entire market cap.

Recently, much has been made about whether Apple will build shareholder value through more robust capital returns, with Greenlight Capital's David Einhorn leading the charge. Today, reports have more resistance against Einhorn's proposal, with CalSTRS and New Jersey both siding with the Cupertino, CA-based tech giant. For more color, click here.

Shares of Apple are indicate higher in early trading Tuesday.




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