Most-Hated NASDAQ Stocks Mid-October

Wall St. Watchdog reveals a list of the 10 most-shorted stocks on the NASDAQ as of Oct 14th. Data are sourced from here.

  1. Sirius XM Radio Inc. (NASDAQ:SIRI): This company had 252,299,680 shares sold short as of Oct 14th, as compared to 265,825,853 on Sep 30th, which represents a change of -13,526,173 shares, or -5.1%. Days to cover for this company is 3 and average daily trading volume is 76,654,210. 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 168,615,562 shares sold short as of Oct 14th, as compared to 183,959,289 on Sep 30th, which represents a change of -15,343,727 shares, or -8.3%. Days to cover for this company is 3 and average daily trading volume is 54,937,255. 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 133,211,075 shares sold short as of Oct 14th, as compared to 150,281,860 on Sep 30th, which represents a change of -17,070,785 shares, or -11.4%. Days to cover for this company is 2 and average daily trading volume is 61,039,161. 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 exchange-traded fund had 107,740,192 shares sold short as of Oct 14th, as compared to 102,968,471 on Sep 30th, which represents a change of 4,771,721 shares, or 4.6%. Days to cover for this company is 1 and average daily trading volume is 82,098,899. About the exchange-traded fund: 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. Cisco Systems, Inc. (NASDAQ:CSCO): This company had 80,654,410 shares sold short as of Oct 14th, as compared to 85,896,812 on Sep 30th, which represents a change of -5,242,402 shares, or -6.1%. Days to cover for this company is 1 and average daily trading volume is 67,496,785. 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.
  6. Microsoft Corporation (NASDAQ:MSFT): This company had 77,420,416 shares sold short as of Oct 14th, as compared to 80,124,834 on Sep 30th, which represents a change of -2,704,418 shares, or -3.4%. Days to cover for this company is 1 and average daily trading volume is 57,980,023. 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. Express Scripts, Inc. – Class A Common Stock (NASDAQ:ESRX): This company had 75,503,835 shares sold short as of Oct 14th, as compared to 69,157,686 on Sep 30th, which represents a change of 6,346,149 shares, or 9.2%. Days to cover for this company is 7 and average daily trading volume is 10,543,987. About the company: Express Scripts, Inc is a full service pharmacy benefit management and specialty managed care company serving clients throughout North America. The Company’s customers include managed care organizations, insurance carriers, third party administrators, employers, and union-sponsored benefit plans. Express provides pharmacy network management, formulary management, and other services.
  8. YRC Worldwide, Inc. (NASDAQ:YRCW): This company had 62,329,850 shares sold short as of Oct 14th, as compared to 72,499,984 on Sep 30th, which represents a change of -10,170,134 shares, or -14.0%. Days to cover for this company is 1 and average daily trading volume is 58,706,073. About the company: YRC Worldwide, Inc. offers freight transportation services.
  9. Dell Inc. (NASDAQ:DELL): This company had 60,641,671 shares sold short as of Oct 14th, as compared to 78,808,642 on Sep 30th, which represents a change of -18,166,971 shares, or -23.1%. Days to cover for this company is 2 and average daily trading volume is 24,846,028. 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.
  10. News Corporation – Class A Common Stock (NASDAQ:NWSA): This company had 51,785,855 shares sold short as of Oct 14th, as compared to 56,941,518 on Sep 30th, which represents a change of -5,155,663 shares, or -9.1%. Days to cover for this company is 2 and average daily trading volume is 21,944,400. About the equity: News Corporation is a diversified global media company. The Company’s operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.

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