The 10 Most-Hated NASDAQ Stocks in August

Wall St. Watchdog reveals a list of the 10 most-shorted stocks on the NASDAQ as of Aug 15th:

  1. Sirius XM Radio Inc. (NASDAQ:SIRI): This company had 261,844,890 shares sold short as of Aug 15th, as compared to 295,983,703 on Jul 29th, which represents a change of -34,138,813 shares, or -11.5%. Days to cover for this company is 2 and average daily trading volume is 124,545,395. 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 185,547,008 shares sold short as of Aug 15th, as compared to 167,071,809 on Jul 29th, which represents a change of 18,475,199 shares, or 11.1%. Days to cover for this company is 6 and average daily trading volume is 28,795,014. 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 173,443,160 shares sold short as of Aug 15th, as compared to 100,307,976 on Jul 29th, which represents a change of 73,135,184 shares, or 72.9%. Days to cover for this company is 2 and average daily trading volume is 81,006,715. 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 100,970,918 shares sold short as of Aug 15th, as compared to 90,257,953 on Jul 29th, which represents a change of 10,712,965 shares, or 11.9%. Days to cover for this company is 1 and average daily trading volume is 140,140,347. 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 83,224,569 shares sold short as of Aug 15th, as compared to 74,416,322 on Jul 29th, which represents a change of 8,808,247 shares, or 11.8%. Days to cover for this company is 1 and average daily trading volume is 90,845,435. 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. Cisco Systems, Inc. (NASDAQ:CSCO): This company had 73,498,070 shares sold short as of Aug 15th, as compared to 73,159,075 on Jul 29th, which represents a change of 338,995 shares, or 0.5%. Days to cover for this company is 1 and average daily trading volume is 115,262,556. 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.
  7. Dell Inc. (NASDAQ:DELL): This company had 72,115,618 shares sold short as of Aug 15th, as compared to 77,673,467 on Jul 29th, which represents a change of -5,557,849 shares, or -7.2%. Days to cover for this company is 2 and average daily trading volume is 33,930,917. 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.
  8. Micron Technology, Inc. (NASDAQ:MU): This company had 66,014,395 shares sold short as of Aug 15th, as compared to 61,391,878 on Jul 29th, which represents a change of 4,622,517 shares, or 7.5%. Days to cover for this company is 1 and average daily trading volume is 45,618,322. 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.
  9. Express Scripts, Inc. – Class A Common Stock (NASDAQ:ESRX): This company had 60,529,578 shares sold short as of Aug 15th, as compared to 54,954,687 on Jul 29th, which represents a change of 5,574,891 shares, or 10.1%. Days to cover for this company is 4 and average daily trading volume is 15,164,835. 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.
  10. Yahoo! Inc. (NASDAQ:YHOO): This company had 58,221,989 shares sold short as of Aug 15th, as compared to 53,312,782 on Jul 29th, which represents a change of 4,909,207 shares, or 9.2%. Days to cover for this company is 1 and average daily trading volume is 40,661,422. 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.