Shorts Tear Into Tech With a Vengeance

From 247wallst.com

Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (Nasdaq: MSFT) and Cisco (Nasdaq: CSCO) would be the next sector hit hard by selling.

Shares short in Microsoft rose 18% to 92.4 million. Share sold short in Cisco were up 17% to 61.3 million. The short interest in Dell (Nasdaq: DELL) rose 15% to 60.1 million. Shares sold short in Nvidia (Nasdaq: NVDA) were up 67% to 43 million.

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Other Stocks Mentioned: Adobe (Nasdaq: ADBE), Oracle (Nasdaq: ORCL), Qualcomm (Nasdaq: QCOM), Broadcom (Nasdaq: BRCM), Nokia (NYSE: NOK), Hewlett-Packard (NYSE: HPQ), EMC (NYSE: EMC).

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