Volume Spike Investor

The NASDAQ Short Interest is out again and we are seeing some trends cropping up in many key tech names shares sold short in a number of tech and telecom companies rose from the prior June report:

• The short interest in Intel (NASDAQ: INTC) was up 27.4 million to 89.1 million.
• The short interest in Cisco Systems (NASDAQ: CSCO) was higher by 7.7 million to 72.6 million.
• The short interest in Level 3 (NASDAQ: LVLT) rose 7.6 million to 244.2 million.
• The short interest in Dell (NASDAQ: DELL) was up 7.4 million to 67.9 million.
• The short interest in Yahoo! (NASDAQ: YHOO) was up 5.7 million to 53.2 million.

There was actually a noticeable drop in both Microsoft (NASDAQ:MSFT) and in Google (NASDAQ:GOOG) so it isn’t as though there are only sellers.

JON OGG

July 11, 2008