Top 10 Most-Hated NASDAQ Stocks During April Trading Activity

The Dow Jones Industrial Average (NYSEARCA:DIA) is trading at 13,321, the S&P 500 Index (NYSEARCA:SPY) is at 1,411 and the Nasdaq (NASDAQ:QQQ) is at 3,068. Here’s all the latest news around the NASDAQ‘s most shorted stocks.

Sirius XM Radio Inc. (NASDAQ:SIRI): SiriusXM (NASDAQ:SIRI) is updating its app for Google’s (NASDAQ:GOOG) Android operating system, according to The Verge. Users of the app will now be able to “rewind” satellite radio station programming for up to five hours, and access SiriusXM’s program guide, the publication reported.

Sirius XM Radio Inc. had 285,024,747 shares sold short as of Apr 13th, as compared to 287,587,035 on Mar 30th, which represents a change of -2,562,288 shares, or -0.9%. Days to cover for this company is 4 and average daily trading volume is 67,168,964.

Intel Corporation (NASDAQ:INTC): Large SSD firms have been initiating price reductions to reflect falling NAND flash chip prices, in a move that could well be aimed at squeezing out smaller players in the industry, according to sources in Taiwan and reported in DigiTimes.

Intel Corporation had 88,608,747 shares sold short as of Apr 13th, as compared to 98,020,476 on Mar 30th, which represents a change of -9,411,729 shares, or -9.6%. Days to cover for this company is 3 and average daily trading volume is 30,501,089.

Dell Inc. (NASDAQ:DELL): A Dell VP told CNET that sales of its XPS 13 ultrabook are well above expectations, saying demand has been “a little bit less” than triple what the company forecast.

Dell Inc. had 67,387,218 shares sold short as of Apr 13th, as compared to 71,702,872 on Mar 30th, which represents a change of -4,315,654 shares, or -6.0%. Days to cover for this company is 4 and average daily trading volume is 16,067,222.

Microsoft Corporation (NASDAQ:MSFT): Notebook brand vendors are reportedly facing difficulties with Windows 8’s (NASDAQ:MSFT) touchscreen design and software, which could push up product costs and lead to delays in the wave of PC replacement originally slated for 2H12, according to Digitimes.

Microsoft Corporation had 58,044,724 shares sold short as of Apr 13th, as compared to 68,181,363 on Mar 30th, which represents a change of -10,136,639 shares, or -14.9%. Days to cover for this company is 1 and average daily trading volume is 41,669,062.

Research In Motion Limited (NASDAQ:RIMM): Research In Motion (NASDAQ:RIMM) is struggling to attract app developers who are heading to Apple’s (NASDAQ:AAPL) iOS or Google’s (NASDAQ:GOOG) Android in a $13B market, reports Bloomberg.

Research In Motion Limited had 56,756,801 shares sold short as of Apr 13th, as compared to 57,285,759 on Mar 30th, which represents a change of -528,958 shares, or -0.9%. Days to cover for this company is 2 and average daily trading volume is 25,546,197.

Micron Technology, Inc. (NASDAQ:MU): Toshiba (TOSBF) has scrapped plans to move forward in the second round of bidding for Elpida, industry sources tell Reuters. The decision comes after talks stalled on a joint bid with potential partners, including SK Hynix. Micron (NASDAQ:MU), TPG Capital and Hony Capital will likely participate in the second round.

Micron Technology, Inc. had 47,146,735 shares sold short as of Apr 13th, as compared to 47,822,597 on Mar 30th, which represents a change of -675,862 shares, or -1.4%. Days to cover for this company is 1 and average daily trading volume is 37,850,797.

Human Genome Sciences, Inc. (NASDAQ:HGSI): Taube Hodson Stonex, a London-based fund with a 5.6% stake in Human Genome Sciences (NASDAQ:HGSI), says GlaxoSmithKline’s (NYSE:GSK) unsolicited $2.6B offer was “unacceptable” and undervalues the company Dow Jones reports, citing the Sunday Times. Taube says the offer amounted to Glaxo trying to “get a steal with an offer that completely undervalues the company.”

Human Genome Sciences, Inc. had 46,317,766 shares sold short as of Apr 13th, as compared to 44,182,662 on Mar 30th, which represents a change of 2,135,104 shares, or 4.8%. Days to cover for this company is 10 and average daily trading volume is 4,743,112.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ):

PowerShares QQQ Trust, Series 1 had 77,751,416 shares sold short as of Apr 13th, as compared to 80,676,759 on Mar 30th, which represents a change of -2,925,343 shares, or -3.6%. Days to cover for this company is 2 and average daily trading volume is 50,795,792.

Frontier Communications Company (NASDAQ:FTR): JDSU (NASDAQ:JDSU) introduced a new installment to its “JDSU from a Different View” campaign focused on its work with Frontier Communications (NYSE:FTR) to deliver reliable, high-speed broadband communications services to rural communities throughout West Virginia. Frontier is a leading provider of voice, broadband and video services in 27 states in the U.S.

Frontier Communications Company had 201,482,575 shares sold short as of Apr 13th, as compared to 183,925,561 on Mar 30th, which represents a change of 17,557,014 shares, or 9.6%. Days to cover for this company is 15 and average daily trading volume is 13,151,199.

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