Bears Lick Chops on Citigroup (C); Short Interest Surges

December 27, 2012 11:37 AM EST
Bears aren't convinced that Citigroup's (NYSE: C) 43 percent run-up since mid-year is real and have subsequently loaded-up the short side.

The latest data from the NYSE shows that short interest in the name surged 68 percent- from 39,113,422 shares at Nov. 30 to 65,670,295 shares at Dec. 14.

Overall, short interest in Citigroup is relatively low at just 2.33% of the float. This, however, is above peers like BofA (NYSE: BAC) at 1.93% and JPMorgan (NYSE: JPM) at 1.15%.

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