Today’s 10 Most-Shorted Stocks on the NYSE

Following is a list of the 10 most-shorted stocks on the NYSE as of May 31st.  Note that the list includes exchange-traded funds (ETFs):

  1. SPDR S & P 500 (NYSE:SPY): This company had 317,762,068 shares sold short as of May 31st, 2011, as compared to 346,454,895, which represents a change of -28,692,827 shares, or -8.30%. Days to cover for this company is 2 and average daily trading volume is 164,950,821. About the company:  SPDR S&P 500 ETF Trust is a unit investment trust incorporated in the United States.  The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index.
  2. iShares Russell 2000 (NYSE:IWM): This company had 242,414,429 shares sold short as of May 31st, 2011, as compared to 247,752,445, which represents a change of -5,338,016 shares, or -2.20%. Days to cover for this company is 4 and average daily trading volume is 66,458,893. About the company:  iShares Russell 2000 Index Fund is an exchange-traded fund incorporated in the USA.  The Fund seeks investment results that correspond to the performance of the Russell 2000 Index Fund.  The Index measures the performance of the small-capitalization sector of the US equity market.  The Fund uses a Representative Sampling strategy to try to track the index.
  3. Ford Motor Company (NYSE:F): This company had 166,996,953 shares sold short as of May 31st, 2011, as compared to 176,983,288, which represents a change of -9,986,335 shares, or -5.60%. Days to cover for this company is 3 and average daily trading volume is 52,086,059. About the company:  Ford Motor Company designs, manufactures, and services cars and trucks.  The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary. Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), AutoZone (NYSE:AZO), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).
  4. Nokia Corporation (NYSE:NOK): This company had 119,177,257 shares sold short as of May 31st, 2011, as compared to 116,099,499, which represents a change of 3,077,758 shares, or 2.70%. Days to cover for this company is 5 and average daily trading volume is 25,239,594. About the company:  Nokia Corporation is a player in the mobile industry.  The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more.  Nokia also provides equipment, solutions and services for communications networks.
  5. SPDR Select Sector Fund – Financials (NYSE:XLF): This company had 103,479,995 shares sold short as of May 31st, 2011, as compared to 112,067,699, which represents a change of -8,587,704 shares, or -7.70%. Days to cover for this company is 2 and average daily trading volume is 67,451,272. About the company:  Financial Select Sector SPDR Fund is an exchange-traded fund incorporated in the USA.  The Fund’s objective is to provide investment results that, before expenses, correspond to the performance of the Financial Select Sector.  The Index includes financial services firms whose business’ range from investment management to commercial & business banking.
  6. Bank of America Corporation (NYSE:BAC): This company had 100,000,064 shares sold short as of May 31st, 2011, as compared to 92,987,439, which represents a change of 7,012,625 shares, or 7.50%. Days to cover for this company is 1 and average daily trading volume is 120,095,630. About the company:  Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services.  The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary. Competitors to Watch: Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
  7. Sprint Nextel Corporation (NYSE:S): This company had 90,618,491 shares sold short as of May 31st, 2011, as compared to 96,048,497, which represents a change of -5,430,006 shares, or -5.70%. Days to cover for this company is 2 and average daily trading volume is 41,746,584. About the company:  Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers.  The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone. Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Clearwire Corporation (NASDAQ:CLWR), Deutsche Telekom AG (DTEGY), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).
  8. Frontier Communications Corporation (NYSE:FTR): This company had 85,433,315 shares sold short as of May 31st, 2011, as compared to 73,891,592, which represents a change of 11,541,723 shares, or 15.60%. Days to cover for this company is 6 and average daily trading volume is 14,343,290. About the company:  Frontier Communications Corporation provides communications services to rural areas and small and medium-sized towns and cities.  The Company offers a variety of voice, data and Internet, and television services.
  9. SPDR S & P Retail ETF (NYSE:XRT): This company had 82,236,350 shares sold short as of May 31st, 2011, as compared to 83,110,778, which represents a change of -874,428 shares, or -1.10%. Days to cover for this company is 9 and average daily trading volume is 9,072,082. About the company:  SPDR S&P Retail ETF is an exchange-traded fund incorporated in the USA.  The Fund’s objective is to replicate as closely as possible the performance of the S&P Retail Select Industry Index, an equal-weighted index.
  10. EMC Corporation (NYSE:EMC): This company had 76,721,040 shares sold short as of May 31st, 2011, as compared to 82,776,293, which represents a change of -6,055,253 shares, or -7.30%. Days to cover for this company is 4 and average daily trading volume is 19,960,057. About the company:  EMC Corporation provides enterprise storage systems, software, networks, and services.  The Company’s products tore, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms.  EMC operates offices around the world. Competitors to Watch: International Business Machines Corp. (NYSE:IBM), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), Dell Inc. (NASDAQ:DELL), Western Digital Corp. (NYSE:WDC) , Brocade Communications Systems, Inc. (NASDAQ:BRCD), NetApp Inc. (NASDAQ:NTAP), and Red Hat, Inc. (NYSE:RHT).

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