Most-Hated NASDAQ Stocks Released From March Trading Action

On Monday, The Dow Jones Industrial Average (NYSEARCA:DIA) closed at 12,929, the S&P 500 Index closed at 1,382 and the Nasdaq is at the 3,047 level as investors and traders anxiously await the upcoming earnings season for new direction. Here’s all the latest news around the NASDAQ‘s most shorted stocks.

Sirius XM Radio Inc. (NASDAQ:SIRI): Canaccord does not believe Liberty Media (LMCA) will acquire Sirius XM (NASDAQ:SIRI) because it can monetize its stake without increasing it. The analyst said it would be surprised if Liberty Media spend $1.5B for an additional 10% after paying less than that for 40% and expects Liberty to spin-out its 40% stake in Sirius in order to monetize it. Shares of Liberty Media are Buy rated.

Sirius XM Radio Inc. had 307,802,184 shares sold short as of Mar 15th, as compared to 285,847,828 on Feb 29th, which represents a change of 21,954,356 shares, or 7.7%. Days to cover for this company is 7 and average daily trading volume is 47,153,056.

Frontier Communications Company (NASDAQ:FTR): Nomura upgraded Frontier based on valuation and potential progress on refinancing debt maturities. Price target raised to $5 from $4.

Frontier Communications Company had 171,846,078 shares sold short as of Mar 15th, as compared to 173,941,139 on Feb 29th, which represents a change of -2,095,061 shares, or -1.2%. Days to cover for this company is 16 and average daily trading volume is 11,061,586.

Intel Corporation (NASDAQ:INTC): Global semiconductor sales fell 7.3% on the year and 1.3% sequentially to $22.9B in February, according to SIA and reported in DigiTimes.

Intel Corporation had 101,309,076 shares sold short as of Mar 15th, as compared to 99,542,746 on Feb 29th, which represents a change of 1,766,330 shares, or 1.8%. Days to cover for this company is 3 and average daily trading volume is 34,361,043.

Express Scripts, Inc. (NASDAQ:ESRX): CVS Caremark (NYSE:CVS) CEO Larry Merlo told Barron’s, “Express Scripts (NASDAQ:ESRX) essentially has doubled down on this model. We see our model, which integrates CVS and Caremark, lining up more effectively to longer-term health-care trends.”

Express Scripts, Inc. – Class A Common Stock had 97,068,691 shares sold short as of Mar 15th, as compared to 93,479,969 on Feb 29th, which represents a change of 3,588,722 shares, or 3.8%. Days to cover for this company is 11 and average daily trading volume is 8,852,511.

Dell Inc. (NASDAQ:DELL): Dell has signed a definitive agreement to acquire Make Technologies, a global provider of application modernization software and services that reduce the cost, risk and time required to re-engineer applications. Make Technologies was founded in 1999 and is headquartered in Vancouver, British Columbia. Dell will incorporate Make Technologies’ approximately 100 employees to the Dell Services team. Additional terms of the transaction were not disclosed. The transaction is expected to close in Dell’s Q2.

Dell Inc. had 63,390,497 shares sold short as of Mar 15th, as compared to 63,173,306 on Feb 29th, which represents a change of 217,191 shares, or 0.3%. Days to cover for this company is 4 and average daily trading volume is 15,394,332.

Microsoft Corporation (NASDAQ:MSFT): AOL (NYSE:AOL) has entered into a definitive agreement to sell over 800 of its patents and their related patent applications to Microsoft (NASDAQ:MSFT) and to grant Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056B in cash. Following the sale, AOL will continue to hold a significant patent portfolio of over 300 patents and patent applications spanning core and strategic technologies, including advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security among others. AOL also received a license to the patents being sold to Microsoft. The patent sale includes the sale of the stock of an AOL subsidiary upon which AOL expects to record a capital loss for tax purposes and as a result, cash taxes in connection with the sale should be immaterial. Additionally, AOL expects to utilize approximately $40M of its existing deferred tax assets, representing approximately 20% of its total deferred tax assets, to offset any ordinary income taxes resulting from the license of its remaining patent portfolio.

Microsoft Corporation had 61,557,395 shares sold short as of Mar 15th, as compared to 61,489,992 on Feb 29th, which represents a change of 67,403 shares, or 0.1%. Days to cover for this company is 1 and average daily trading volume is 45,741,528.

Research In Motion Limited (NASDAQ:RIMM): Several senior executives at Research In Motion (NASDAQ:RIMM) have left the company in recent days amid a wide ranging review of the company’s strategic options, sources say, reports the Wall Street Journal.

Research In Motion Limited had 60,317,337 shares sold short as of Mar 15th, as compared to 59,214,549 on Feb 29th, which represents a change of 1,102,788 shares, or 1.9%. Days to cover for this company is 4 and average daily trading volume is 17,001,797.

R.R. Donnelley & Sons Company (NASDAQ:RRD): R. R. Donnelley announced that it has taken an equity stake in San Francisco-based Real Valuable Corporation, maker of the CoffeeTable iPad catalog shopping app.

R.R. Donnelley & Sons Company had 52,625,777 shares sold short as of Mar 15th, as compared to 55,419,607 on Feb 29th, which represents a change of -2,793,830 shares, or -5.0%. Days to cover for this company is 18 and average daily trading volume is 2,927,930.

Cisco Systems, Inc. (NASDAQ:CSCO): Cisco Systems (NASDAQ:CSCO) CEO John Chambers named China’s Huawei Technologies as its key rival, saying that the Chinese company doesn’t always “play by the rules” when it comes to intellectual property protection and computer security, reports the Wall Street Journal.

Cisco Systems, Inc. had 48,933,705 shares sold short as of Mar 15th, as compared to 52,434,453 on Feb 29th, which represents a change of -3,500,748 shares, or -6.7%. Days to cover for this company is 1 and average daily trading volume is 35,782,609.

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