10 NASDAQ Stocks That Might See Short Squeeze Potential
Following is information on the ten most-shorted stocks on the NASDAQ:
- Sirius XM Radio, Inc. (NASDAQ:SIRI): 7.1% of its float is shorted. 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, comedia, and public radio.
- Level 3 Communications, Inc. (NASDAQ:LVLT): 9.7% of its float is shorted. 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.
- PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ): 19.9% of its float is shorted. 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 aof the NASDAQ 100 Index.
- Intel Corporation (NASDAQ:INTC): 1.5% of its float is shorted. 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.
- Microsoft Corporation (NASDAQ:MSFT): 0.9% of its float is shorted. 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.
- Cell Therapeutics, Inc. (NASDAQ:CTIC): 6% of its float is shorted. About the company: Cell Therapeutics, Inc. is a biopharmaceutical company. The Company researches and develops cancer drugs.
- Dell, Inc. (NASDAQ:DELL): 3.3% of its float is shorted. 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.
- Clearwire Corporation – Class A Common Stock (NASDAQ:CLWR): 28.9% of its float is shorted. About the company: Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries.
- Cisco Systems, Inc. (NASDAQ:CSCO): 0.9% of its float is shorted. 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.
- Yahoo! Inc. (NASDAQ:YHOO): 3.9% of its float is shorted. 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.