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Short Stocks: Bets build against UAL Corp, Yahoo

Wed Jun 11, 2008 4:48am IST
 
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 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.
 For full story please see [ID:nN10378292]. For factbox
please see [ID:nN10382576].
 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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