Digg
The amount of JetBlue shares out on loan near a high for the last year, suggesting that short sellers might have the airline it their sights. According to the latest weekly numbers on stocks out on loan from Data Explorers, the shorts also seemed to be interested in department store chain Dillard’s and engineering firm Stantec among others.
The list shows stocks where short interest is hitting 52-week highs. Data Explorers tracks how much of a company's stock are out on loan, and uses the loan numbers as a proxy for short interest. (Quick refresher: Short sellers borrow a stock from a broker and immediately sell it, hoping the price will decline. Eventually, they have to buy shares to replace the ones they borrowed. But if the price drops enough in the meantime, they make a profit.) It's important to note, that not all shorting represents bearish bets against the company. Sometimes short interest can be driven by hedge funds and other investors when a company issued convertible bonds. It's not unusual for investors in convertible bonds – a hybrid bond that can be converted into stock if shares hit a set price – to short the company's stock as a way to hedge against the failure of shares to reach the conversion price.
Yahoo! Buzz
MySpace
Digg
del.icio.us
NewsVine
StumbleUpon
Mixx
Error message
Apparently grammar checks are now optional at the WSJ? Someone needs to fix the first sentence.
Interesting comment, Climateer. I agree. We don’t have a page down button for nothing.
I ,for one, would like to go on the record, I do not subscribe to the proposition that lists are the refuge of journalistic sluggards and would suggest that, in the manner of Clusterstock, the electron stained wretches put the individual stocks into slideshow format, thus boosting both pageviews and time on site.
In addition, when the wage freeze ends this summer the IAPE should demand a slice of the lucre or threaten an industrial action.
Two, Four Six, eight Something, something Fourth estate.
(Still working on the picket-line chant)
MarketBeat looks under the hood of Wall Street each day, finding market-moving news, analyzing trends and highlighting noteworthy commentary from the best blogs and research. MarketBeat is updated frequently throughout the day, helping investors stay on top of what's happening in the markets. The Wall Street Journal's Chief Markets Commentator Dave Kansas and MarketBeat lead writer Matt Phillips spearhead the MarketBeat team, with contributions from other Journal reporters and editors. Have a comment? Write to marketbeat@wsj.com or write Dave at dave.kansas@wsj.com or Matt at matt.phillips@wsj.com.
Read Full Article »