Filed under: Short stories, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Merrill Lynch (MER), Federal Natl Mtge (FNM), Countrywide Financial (CFC), Wachovia Corp (WB), Wells Fargo (WFC), Lehman Br Holdings (LEH)
While many financial stocks experienced turmoil recently, it appears that NYSE short selling has been mixed and in some key stocks the short sellers drastically trimmed their positions. These changes were from the November 30 reading to the new date of December 14. The raw number of more active financial stocks saw an increase in short selling, as you can see below:
|
STOCK (Ticker) |
DEC 14, 2007 |
NOV 30, 2007 |
|
Countrywide Financial (NYSE: CFC) |
139,211,619 |
131,258,613 |
|
Citigroup Inc. (NYSE: C) |
104,873,159 |
84,849,090 (2008 Dogs of the Dow stock) |
|
Wells Fargo (NYSE: WFC) |
67,128,867 |
64,840,618 |
|
46,359,867 |
45,420,765 |
|
|
39,207,847 |
30,185,705 |
|
|
Lehman Brothers (NYSE: LEH) |
37,061,479 |
34,055,324 |
|
JPMorgan Chase (NYSE: JPM) |
30,936,347 |
33,187,514 |
|
Ambac Fin’l (NYSE: ABK) |
30,120,143 |
24,029,144 |
|
Merrill Lynch (NYSE: MER) |
28,948,649 |
25,080,570 |
Continue reading Financial stock short sellers make some December changes
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