California Public Employees Retirement System Bearish on These Stocks

Wall St. Watchdog reveals information regarding significant reduction in shares for California Public Employees Retirement System’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

Oceanfreight Inc. (NASDAQ:OCNF): On 06/30/2011, California Public Employees Retirement System reported holding 447,555 shares. On 09/30/2011, California Public Employees Retirement System reported holding 34,777 shares. The net reduction in shares for this position is 412,778 or 92.23%. About Company: OceanFreight Inc. owns and charters vessels for seaborne transportation of commodities. The fleet includes drybulk carriers that mainly transport iron ore, coal, and grain, minerals and fertilizers and tanker vessels that transport crude oil.

Spanish Broadcasting System Inc. (NASDAQ:SBSA): On 06/30/2011, California Public Employees Retirement System reported holding 143,853 shares. On 09/30/2011, California Public Employees Retirement System reported holding 14,385 shares. The net reduction in shares for this position is 129,468 or 90%. About Company: Spanish Broadcasting System, Inc. is a Spanish-language radio broadcasting company operating in the United States. The Company owns and operates various FM radio stations in Los Angeles, New York, Miami, Chicago, and San Antonio, as well as in Puerto Rico. Spanish Broadcasting, through a subsidiary, also operates a bilingual Spanish-English Internet Web site.

Boingo Wireless Inc (NASDAQ:WIFI): On 06/30/2011, California Public Employees Retirement System reported holding 10,000 shares. On 09/30/2011, California Public Employees Retirement System reported holding 1,700 shares. The net reduction in shares for this position is 8,300 or 83%. About Company: Boingo Wireless, Inc. provides mobile Internet services. The Company’s solution includes software for Wi-Fi enabled devices, such as smart phones, laptops and tablet computers, and its back-end system infrastructure that detects and enables one-click access to its global Wi-Fi network.

Autochina International Ltd. (AUTC.PK): On 06/30/2011, California Public Employees Retirement System reported holding 62,000 shares. On 09/30/2011, California Public Employees Retirement System reported holding 11,800 shares. The net reduction in shares for this position is 50,200 or 80.97%.

Autochina International Ltd. (NASDAQ:AUTC): On 06/30/2011, California Public Employees Retirement System reported holding 62,000 shares. On 09/30/2011, California Public Employees Retirement System reported holding 11,800 shares. The net reduction in shares for this position is 50,200 or 80.97%. About Company: AutoChina International Ltd. imports, retails, and leases automobiles and commercial vehicles. The Company also finances commercial vehicles.

(Note: Data regarding California Public Employees Retirement System’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com