Short Stocks: Bets build against UAL Corp, Yahoo
June 10 (Reuters) - Short interest on the Nasdaq rose 2 percent in late May, the exchange said on Tuesday, suggesting an increase in bearish sentiment in the stock market.
The following stocks saw increased interest from short sellers, who bet that a certain stock's price will fall. The data reflect short trades with a settlement date of May 30.
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UAL CORP (UAUA.O: Quote, Profile, Research)
Short interest climbed almost 24 percent in shares of the parent of United Airlines.
U.S. airlines have been under pressure amid record high oil prices. Wall Street analysts have warned that continued sustained increases in fuel costs could eventually push more U.S. airlines into bankruptcy
About 13.6 million of the company's shares were held short, or about 11 percent of its total shares outstanding.
YAHOO! INC (YHOO.O: Quote, Profile, Research)
Short interest rose almost 41 percent in shares of the web company.
The company says deal talks with Microsoft Corp (MSFT.O: Quote, Profile, Research) are ongoing despite Microsoft's withdrawal of a $47.5 billion offer last month. Shareholders are currently suing the board of directors of Yahoo over an employee severance plan they contend is a barrier to a merger with Microsoft. Investor Carl Icahn is seeking to replace the board of directors of Yahoo with his own nominees.
About 66.6 million of the company's shares were held short, or around 5 percent of its total shares outstanding.
INTEGRATED DEVICE TECHNOLOGY INC (IDTI.O: Quote, Profile, Research)
Short interest rose almost 70 percent in shares of the diversified chipmaker.
The company said last month that its chief financial officer would resign.
About 9.1 million of the company's shares were held short, or about 5 percent of its total shares outstanding.
AMERICAN SUPERCONDUCTOR CORP (AMSC.O: Quote, Profile, Research)
Short interest was up more than 22 percent in shares of the energy technology company.
The company posted a narrower-than-expected quarterly loss last month and analysts have been mixed on the company as Raymond James raised its investment rating on the stock, while Jefferies cut its rating, last month. The company said on Tuesday it had received a major Chinese follow-on order.
About 12.3 million of the company's shares were held short, or about 29 percent of its total shares outstanding.
THQ INC (THQI.O: Quote, Profile, Research)
Short interest was up more than 17 percent in shares of the video game company.
The company said last month that it will delay release of a key video game "Saints Row 2" by nearly two months due to product quality and marketing concerns.
About 12.1 million of the company's shares were held short, or more than 18 percent of its total shares outstanding. (Reporting by Emily Chasan, editing by Leslie Gevirtz)
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