Short Sellers Attack America's Largest Companies (GE)(PFE)(T)(HAL)(XOM)(INTC)(MSFT)(CSCO)(IBM)
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From 247wallst.com
For the latest reported period, ending December 31, short sellers did not make any notable moves in or out of tech, financials, or industrial shares. What they did do was take impressively large positions in many of the largest cap companies in the world.
It was as if a part of the market was making a negative bet across the entire economy.
The short interest in GE (NYSE: GE) went up 46% to 155 million shares. Shares short in Pfizer (NYSE: PFE) rose 29% to 76 million shares. The short interest in Halliburton (NYSE: HAL) moved up 33% to 37.4 million shares. Shares short in AT&T (NYSE: T) were up 20% to 49.8 million shares. Short interest in IBM (NYSE: IBM) was up 17% to 17.4 million. Shares short in Exxon Mobil (NYSE: XOM) rose 14% to 49.8 million.
The short interests in Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT), and Cisco (Nasdaq: CSCO) also all rose.
CONTINUE READING AT 247Wallst.com >>>>
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