Short Sellers Increase Bets Against Big Tech
by Dec 10th 2010 6:30AM
Short sellers increased their gambles against big-tech shares in the period that ended Nov. 30. These traders seem to expect a sell-off in the sector soon, based on short-selling data from NASDAQ.Shares sold short in Intel (INTC) rose 81% to 90.1 million. The short interest in Microsoft (MSFT) was up 6% to 75.7 million shares. Shares sold short in Dell (DELL) rose 17% to 48.8 million.
Short sellers must expect that data released over the next few weeks on chip, PC, and server sales will be poor.