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.

Shares sold short in enterprise software firms also rose. Shares short in Oracle (ORCL) moved higher by 2% to 29 million. The short interest in Cisco (CSCO) was up 3% to 44.4 million. Shares short in Symantec (SYMC) were up 13% to 22.7 million.

Short sellers must expect that data released over the next few weeks on chip, PC, and server sales will be poor.

Increase your money and finance knowledge from home

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum