10 NASDAQ Stocks With Highest Shares Sold Short May 31st

Following is a list of the 10 most-shorted stocks on the NASDAQ (NASDAQ:NDAQ) as of May 31st:

  1. Sirius XM Radio Inc. (NASDAQ:SIRI): This company had 289,943,915 shares sold short as of May 31st, 2011, as compared to 278,421,342, which represents a change of 11,522,573 shares, or 4.10%. Days to cover for this company is 2 and average daily trading volume is 130,312,558. 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.
  2. Level 3 Communications, Inc. (NASDAQ:LVLT): This company had 172,281,735 shares sold short as of May 31st, 2011, as compared to 161,002,887, which represents a change of 11,278,848 shares, or 7.00%. Days to cover for this company is 3 and average daily trading volume is 58,546,834. 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.
  3. Intel Corporation (NASDAQ:INTC): This company had 97,029,999 shares sold short as of May 31st, 2011, as compared to 82,244,286, which represents a change of 14,785,713 shares, or 18.00%. Days to cover for this company is 1 and average daily trading volume is 86,031,196. 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.
  4. PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ): This company had 91,903,368 shares sold short as of May 31st, 2011, as compared to 85,830,106, which represents a change of 6,073,262 shares, or 7.10%. Days to cover for this company is 2 and average daily trading volume is 55,482,171. 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. Microsoft Corporation (NASDAQ:MSFT): This company had 67,023,794 shares sold short as of May 31st, 2011, as compared to 65,654,837, which represents a change of 1,368,957 shares, or 2.10%. Days to cover for this company is 1 and average daily trading volume is 73,029,889. 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.
  6. Dell Inc. (NASDAQ:DELL): This company had 58,983,692 shares sold short as of May 31st, 2011, as compared to 53,266,464, which represents a change of 5,717,228 shares, or 10.70%. Days to cover for this company is 2 and average daily trading volume is 24,669,058. 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.
  7. Cell Therapeutics, Inc. (NASDAQ:CTIC): This company had 56,799,048 shares sold short as of May 31st, 2011, as compared to 57,410,275, which represents a change of -611,227 shares, or -1.10%. Days to cover for this company is 7 and average daily trading volume is 8,551,776. About the company:  Cell Therapeutics, Inc. is a biopharmaceutical company.  The Company researches and develops cancer drugs.
  8. Cisco Systems, Inc. (NASDAQ:CSCO): This company had 52,246,464 shares sold short as of May 31st, 2011, as compared to 48,495,428, which represents a change of 3,751,036 shares, or 7.70%. Days to cover for this company is 1 and average daily trading volume is 85,480,894. 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 date, voice, and video within buildings, across campuses, and around the world.
  9. Yahoo! Inc. (NASDAQ:YHOO): This company had 50,815,905 shares sold short as of May 31st, 2011, as compared to 46,709,966, which represents a change of 4,105,939 shares, or 8.80%. Days to cover for this company is 1 and average daily trading volume is 50,056,801. About the company:  Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communications 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.
  10. Clearwire Corporation (NASDAQ:CLWR): This company had 48,754,351 shares sold short as of May 31st, 2011, as compared to 50,025,269, which represents a change of -1,270,918 shares, or -2.50%. Days to cover for this company is 8 and average daily trading volume is 6,203,583. About the company:  Clearwire Corporation provides wireless broadband services.  The Company operates a wireless network in the United States as well as other countries.

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