Shorts on Netflix (NFLX) Ease Positions into Q4 Report
Netflix (Nasdaq: NFLX) shares are indicated higher once again Monday morning following the latest short-interest update.
According to market data, short interest on the stock fell 23.1 percent from the end of December through January 15, 2013. Total shares being held short were 10.12 million, or about 18.76 percent of total outstanding common.
A close higher today would add on to a three-session rally that stock has realized following strong fourth-quarter numbers last week. Since reporting on Wednesday night, the stock is up 73.4 percent to a new annual high.
Prior to results, short interest on Netflix was at 13.16 million shares at the end of last month. The stock has taken a new interest with activist investor Carl Icahn recently disclosing a large stake.
Ahead of the bell, Netflix is up 2.3 percent.
According to market data, short interest on the stock fell 23.1 percent from the end of December through January 15, 2013. Total shares being held short were 10.12 million, or about 18.76 percent of total outstanding common.
A close higher today would add on to a three-session rally that stock has realized following strong fourth-quarter numbers last week. Since reporting on Wednesday night, the stock is up 73.4 percent to a new annual high.
Prior to results, short interest on Netflix was at 13.16 million shares at the end of last month. The stock has taken a new interest with activist investor Carl Icahn recently disclosing a large stake.
Ahead of the bell, Netflix is up 2.3 percent.