The 10 Most-Shorted Stocks on the NASDAQ

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Following is information on the 10 most-shorted stocks on the NASDAQ (NASDAQ:NDAQ) as of the end of May:

  1. Sirius XM Radio Inc. (NASDAQ:SIRI): This company had 317,089,214 shares sold short on 05 27 2011, as compared to 289,943,915 on 05 13 2011. This reporesents a change of 27,145,299, or 9.4%. Based on the average daily volume of 111,928,110 shares, it takes 3 days to cover the short position. About the company:  Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio. Competitors to Watch: Westwood One, Inc. (NASDAQ:WWON), Entercom Communications Corp. (NYSE:ETM), Cumulus Media Inc. (NASDAQ:CMLS), Emmis Communications Corp. (NASDAQ:EMMS), Radio One, Inc. (NASDAQ:ROIAK), CBS Corporation (NYSE:CBS), Disney (NYSE:DIS), Time Warner (NYSE:TWX), Grupo Radio Centro SAB de CV (NYSE:RC), Salem Communications Corp (NASDAQ:SALM) and Saga Communications, Inc. (AMEX:SGA).
  2. Level 3 Communications, Inc. (NASDAQ:LVLT): This company had 194,621,347 shares sold short on 05 27 2011, as compared to 172,281,735 on 05 13 2011. This reporesents a change of 22,339,612, or 13.0%. Based on the average daily volume of 69,194,532 shares, it takes 3 days to cover the short position. About the company:  Level 3 Communications, Inc. provides telecommunications and information services, including local, long distance, and data transmission. The Company also provides other enhanced communications and Internet services, and is involved in coal mining businesses. Competitors to Watch: Global Crossing Ltd. (NASDAQ:GLBC), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), tw telecom inc. (NASDAQ:TWTC), XO Holdings Inc. (XOHO), AboveNet, Inc. (NYSE:ABVT), PAETEC Holding Corp. (NASDAQ:PAET), Xfone, Inc. (AMEX:XFN), Tata Communications Ltd. (NYSE:TCL), and Cincinnati Bell Inc. (NYSE:CBB)
  3. Intel Corporation (NASDAQ:INTC): This company had 103,085,236 shares sold short on 05 27 2011, as compared to 97,029,999 on 05 13 2011. This reporesents a change of 6,055,237, or 6.2%. Based on the average daily volume of 66,125,287 shares, it takes 2 days to cover the short position. About the company:  Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products. Competitors to Watch: Advanced Micro Devices, Inc. (NYSE:AMD), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), Oracle Corp (NASDAQ:ORCL), Apple (NASDAQ:AAPL), Broadcom (NASDAQ:BRCM), Intel (NASDAQ:INTC), Micron Tech (NASDAQ:MU), ARM Holdings (NASDAQ:ARMH) and Texas Instruments Inc. (NYSE:TXN).
  4. PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ): This company had 85,030,236 shares sold short on 05 27 2011, as compared to 91,903,368 on 05 13 2011. This reporesents a change of -6,873,132, or -7.5%. Based on the average daily volume of 45,655,537 shares, it takes 2 days to cover the short position. About the company:  PowerShares QQQ is an exchange-traded fund incorporated in the USA. The Fund represents undivided ownership interests in the PowerShares QQQ. The Fund’s objective is to provide investment results that generally correspond to the price and yield performance of the component securities of the Nasdaq 100 Index.
  5. Dell Inc. (NASDAQ:DELL): This company had 60,139,823 shares sold short on 05 27 2011, as compared to 58,983,692 on 05 13 2011. This reporesents a change of 1,156,131, or 2.0%. Based on the average daily volume of 32,840,307 shares, it takes 2 days to cover the short position. About the company:  Dell Inc. offers a wide range of computers and related products. The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services. Dell serves consumers and businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Apple Inc. (NASDAQ:AAPL), Silicon Graphics Intl. Corp (NASDAQ:SGI), Super Micro Computer, Inc. (NASDAQ:SMCI), Intl. Business Machines Corp. (NYSE:IBM), Cray Inc. (NASDAQ:CRAY), EMC Corporation (NYSE:EMC), Microsoft Corporation (NASDAQ:MSFT), and Intel Corporation (NASDAQ:INTC).
  6. Cisco Systems, Inc. (NASDAQ:CSCO): This company had 59,990,081 shares sold short on 05 27 2011, as compared to 52,246,464 on 05 13 2011. This reporesents a change of 7,743,617, or 14.8%. Based on the average daily volume of 65,025,980 shares, it takes 1 days to cover the short position. About the company:  Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world. Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Juniper Networks, Inc. (NYSE:JNPR), Alcatel-Lucent (NYSE:ALU), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Extreme Networks, Inc (NASDAQ:EXTR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Motorola Mobility Hldgs. Inc (NYSE:MMI), NetGear, Inc. (NASDAQ:NTGR), and ADTRAN, Inc. (NASDAQ:ADTN)
  7. Micron Technology, Inc. (NASDAQ:MU): This company had 57,270,985 shares sold short on 05 27 2011, as compared to 47,635,762 on 05 13 2011. This reporesents a change of 9,635,223, or 20.2%. Based on the average daily volume of 34,993,929 shares, it takes 2 days to cover the short position. About the company:  Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.
  8. Microsoft Corporation (NASDAQ:MSFT): This company had 52,076,715 shares sold short on 05 27 2011, as compared to 67,023,794 on 05 13 2011. This reporesents a change of -14,947,079, or -22.3%. Based on the average daily volume of 57,947,249 shares, it takes 1 days to cover the short position. About the company:  Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices. Competitors to Watch: Google Inc. (NASDAQ:GOOG), Novell, Inc. (NASDAQ:NOVL), Oracle Corporation (NASDAQ:ORCL), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Yahoo! Inc. (NASDAQ:YHOO), Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE), Intel Corporation (NASDAQ:INTC), and Sony Corporation (NYSE:SNE).
  9. Yahoo! Inc. (NASDAQ:YHOO): This company had 50,983,958 shares sold short on 05 27 2011, as compared to 50,815,905 on 05 13 2011. This reporesents a change of 168,053, or 0.3%. Based on the average daily volume of 30,597,060 shares, it takes 2 days to cover the short position. About the company:  Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory. Competitors to Watch: AOL, Inc. (NYSE:AOL), Microsoft (NASDAQ:MSFT), InterActive Corp (NASDAQ:IACI), Sohu.com (NASDAQ:SOHU), Demand Media (DMD), Sina Corp (NASDAQ:SINA), Infospace (NASDAQ:INSP), News Corp (NASDAQ:NWSA) and Google Inc. (NASDAQ:GOOG).
  10. Clearwire Corporation (NASDAQ:CLWR): This company had 50,212,928 shares sold short on 05 27 2011, as compared to 48,754,351 on 05 13 2011. This reporesents a change of 1,458,577, or 3.0%. Based on the average daily volume of 6,482,033 shares, it takes 8 days to cover the short position. About the company:  Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries. Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Sprint (NYSE:S), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).

Read: Why Now May Be the Best Time to Invest in the Bearish Technology Market>>

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