Traders Shorted These NASDAQ Stocks the Most in September

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

  1. Sirius XM Radio Inc. (NASDAQ:SIRI): This equity had 270,521,617 shares sold short as of Sep 15th, as compared to 266,898,620 on Aug 31st, which represents a change of 3,622,997 shares, or 1.4%. Days to cover for this company is 4 and average daily trading volume is 64,369,583. About the equity: 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 equity had 190,630,310 shares sold short as of Sep 15th, as compared to 185,964,905 on Aug 31st, which represents a change of 4,665,405 shares, or 2.5%. Days to cover for this company is 7 and average daily trading volume is 27,304,339. About the equity: 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 equity had 141,809,046 shares sold short as of Sep 15th, as compared to 154,476,351 on Aug 31st, which represents a change of -12,667,305 shares, or -8.2%. Days to cover for this company is 3 and average daily trading volume is 50,463,272. About the equity: 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 equity had 116,413,744 shares sold short as of Sep 15th, as compared to 106,400,398 on Aug 31st, which represents a change of 10,013,346 shares, or 9.4%. Days to cover for this company is 2 and average daily trading volume is 65,056,230. About the equity: 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 equity had 102,796,030 shares sold short as of Sep 15th, as compared to 89,395,963 on Aug 31st, which represents a change of 13,400,067 shares, or 15.0%. Days to cover for this company is 2 and average daily trading volume is 57,151,082. About the equity: 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 equity had 96,469,546 shares sold short as of Sep 15th, as compared to 93,719,993 on Aug 31st, which represents a change of 2,749,553 shares, or 2.9%. Days to cover for this company is 1 and average daily trading volume is 69,757,733. About the equity: 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 equity had 78,720,327 shares sold short as of Sep 15th, as compared to 77,942,515 on Aug 31st, which represents a change of 777,812 shares, or 1.0%. Days to cover for this company is 4 and average daily trading volume is 19,939,522. About the equity: 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. News Corporation – Class A Common Stock (NASDAQ:NWSA): This equity had 69,886,583 shares sold short as of Sep 15th, as compared to 63,168,952 on Aug 31st, which represents a change of 6,717,631 shares, or 10.6%. Days to cover for this company is 2 and average daily trading volume is 29,302,616. 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.
  9. Express Scripts, Inc. – Class A Common Stock (NASDAQ:ESRX): This equity had 68,323,623 shares sold short as of Sep 15th, as compared to 65,413,205 on Aug 31st, which represents a change of 2,910,418 shares, or 4.5%. Days to cover for this company is 7 and average daily trading volume is 9,406,184. About the equity: 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 equity had 65,898,054 shares sold short as of Sep 15th, as compared to 65,067,447 on Aug 31st, which represents a change of 830,607 shares, or 1.3%. Days to cover for this company is 1 and average daily trading volume is 47,408,425. About the equity: 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.
(HERE” target=_blank>DATA ARE SOURCED FROM HERE)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet