10 Most-Shorted NYSE Stocks in April Trading

The Dow Jones Industrial Average (NYSEARCA:DIA) is trading at 13,328, the S&P 500 Index (NYSEARCA:SPY) is at 1,413 and the Nasdaq (NASDAQ:QQQ) is at 3,081. Here’s all the latest news around the NYSE‘s most shorted stocks.

Nokia Corporation (NYSE:NOK): RBC Capital downgraded Nokia based on deterioration in the feature phone business and cash burn. Price target lowered to $5 from $7.

Nokia Corporation Sponsored Am had 227,279,563 shares sold short as of Apr 13th, as compared to 227,253,858 on Mar 30th, which represents a change of 25,705 shares, or …%. Days to cover for this company is 4 and average daily trading volume is 58,795,406.

Ford Motor Company Common Stoc (NYSE:F): Ford reports April sales down 5% to 180,350 vehicles

Ford Motor Company Common Stoc had 137,318,237 shares sold short as of Apr 13th, as compared to 143,532,020 on Mar 30th, which represents a change of -6,213,783 shares, or -4.3%. Days to cover for this company is 3 and average daily trading volume is 50,198,930.

Bank of America Corporation Co (NYSE:BAC): Bank of America (NYSE:BAC) plans to cut about 2,000 jobs in its investment banking, commercial banking and non-U.S. wealth-management units, sources say, reports the Wall Street Journal.

Bank of America Corporation Co had 129,449,602 shares sold short as of Apr 13th, as compared to 141,165,147 on Mar 30th, which represents a change of -11,715,545 shares, or -8.3%. Days to cover for this company is 1 and average daily trading volume is 236,295,150.

SuperValu Inc. Common Stock (NYSE:SVU): SuperValu’s (NYSE:SVU) CEO Craig Herkert was COO of Wal-Mart (NYSE:WMT) international during the period the alleged briberies took place and served as President and CEO of the Americas for Wal-Mart International during the 2005-2006 internal investigation. Citigroup said Mr. Herkert’s connection to Wal-Mart could be a negative for SuperValue depending on the outcome of the DOJ’s investigation. SuperValue is Hold rated.

SuperValu Inc. Common Stock had 88,383,749 shares sold short as of Apr 13th, as compared to 73,981,735 on Mar 30th, which represents a change of 14,402,014 shares, or 19.5%. Days to cover for this company is 6 and average daily trading volume is 14,731,917.

Duke Energy Corporation (NYSE:DUK): As a result of the settlement provisions, Duke Energy expects to take pretax charges of approximately $420M, or 20c per share, in the first quarter of 2012. These charges will be reflected as a “special item” and, therefore, excluded from adjusted diluted earnings per share. The company had previously recorded pretax charges of $265M related to the project.

Duke Energy Corporation (Holdi had 73,296,665 shares sold short as of Apr 13th, as compared to 69,281,684 on Mar 30th, which represents a change of 4,014,981 shares, or 5.8%. Days to cover for this company is 5 and average daily trading volume is 13,936,333.

Alcoa Inc. Common Stock (NYSE:AA): Cable and wire producers in North America are buying more aluminum rod abroad due to production issues at Rio Tinto (NYSE:RIO) Alcan’s Alma smelter in Quebec and Alcoa Inc’s (NYSE:AA) Massena West smelter, says Reuters.

Alcoa Inc. Common Stock had 71,662,299 shares sold short as of Apr 13th, as compared to 72,455,550 on Mar 30th, which represents a change of -793,251 shares, or -1.1%. Days to cover for this company is 2 and average daily trading volume is 34,669,405.

Safeway Inc. Common Stock (NYSE:SWY): Susquehanna previewed Q1 results for Safeway and anticipates negative volumes and margin pressures to make it a difficult quarter for the company. The firm added that recent share gains driven by what they view as misplaced takeover speculation should also reverse. Shares are negative rated with a $17 price target.

Safeway Inc. Common Stock had 68,526,576 shares sold short as of Apr 13th, as compared to 65,382,838 on Mar 30th, which represents a change of 3,143,738 shares, or 4.8%. Days to cover for this company is 6 and average daily trading volume is 10,651,837.

SPDR S & P 500 (NYSE:SPY):

SPDR S & P 500 had 278,100,025 shares sold short as of Apr 13th, as compared to 271,377,075 on Mar 30th, which represents a change of 6,722,950 shares, or 2.5%. Days to cover for this company is 2 and average daily trading volume is 159,166,672.

iShares Russell 2000 (NYSE:IWM):

iShares Russell 2000 had 184,561,834 shares sold short as of Apr 13th, as compared to 209,109,620 on Mar 30th, which represents a change of -24,547,786 shares, or -11.7%. Days to cover for this company is 3 and average daily trading volume is 58,028,925.

SPDR Select Sector Fund – Fina (NYSE:XLF):

SPDR Select Sector Fund – Fina had 114,880,414 shares sold short as of Apr 13th, as compared to 112,028,508 on Mar 30th, which represents a change of 2,851,906 shares, or 2.5%. Days to cover for this company is 1 and average daily trading volume is 88,725,713.

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