Here’s the 10 Most-Shorted Stocks on the NASDAQ

Following is a list of the 10 most-shorted stocks on the NASDAQ as of Jun 30th:

  1. Sirius XM Radio Inc. (NASDAQ:SIRI): This company had 292,554,953 shares sold short as of Jun 30th, as compared to 292,554,953 on Jun 15th, which represents a change of -21,492,278 shares, or -7.4%. Days to cover for this company is 4 and average daily trading volume is 68,503,401. 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 172,640,343 shares sold short as of Jun 30th, as compared to 172,640,343 on Jun 15th, which represents a change of -5,232,777 shares, or -3.0%. Days to cover for this company is 5 and average daily trading volume is 31,264,486. 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 112,734,825 shares sold short as of Jun 30th, as compared to 112,734,825 on Jun 15th, which represents a change of -18,203,812 shares, or -16.2%. Days to cover for this company is 2 and average daily trading volume is 57,019,253. 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 77,622,727 shares sold short as of Jun 30th, as compared to 77,622,727 on Jun 15th, which represents a change of 8,256,528 shares, or 10.6%. Days to cover for this company is 2 and average daily trading volume is 56,013,768. 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. Dell Inc. (NASDAQ:DELL): This company had 65,899,111 shares sold short as of Jun 30th, as compared to 65,899,111 on Jun 15th, which represents a change of 13,006,180 shares, or 19.7%. Days to cover for this company is 3 and average daily trading volume is 24,698,843. 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.
  6. Microsoft Corporation (NASDAQ:MSFT): This company had 61,637,344 shares sold short as of Jun 30th, as compared to 61,637,344 on Jun 15th, which represents a change of 936,440 shares, or 1.5%. Days to cover for this company is 1 and average daily trading volume is 67,524,963. 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.
  7. Cisco Systems, Inc. (NASDAQ:CSCO): This company had 65,158,416 shares sold short as of Jun 30th, as compared to 65,158,416 on Jun 15th, which represents a change of -5,491,055 shares, or -8.4%. Days to cover for this company is 1 and average daily trading volume is 73,976,407. 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.
  8. Yahoo! Inc. (NASDAQ:YHOO): This company had 55,905,034 shares sold short as of Jun 30th, as compared to 55,905,034 on Jun 15th, which represents a change of -774,300 shares, or -1.4%. Days to cover for this company is 2 and average daily trading volume is 25,145,320. 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.
  9. Micron Technology, Inc. (NASDAQ:MU): This company had 59,480,058 shares sold short as of Jun 30th, as compared to 59,480,058 on Jun 15th, which represents a change of -5,987,678 shares, or -10.1%. Days to cover for this company is 1 and average daily trading volume is 46,264,759. About the company: Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.
  10. Clearwire Corporation – Class A Common Stock (NASDAQ:CLWR): This company had 50,200,877 shares sold short as of Jun 30th, as compared to 50,200,877 on Jun 15th, which represents a change of -1,623,462 shares, or -3.2%. Days to cover for this company is 10 and average daily trading volume is 5,108,224. About the company: Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries.
Data are sourced from here.

More from The Cheat Sheet