Salesforce.Com Still a Popular Short

The short base (measured by the percent of shares outstanding on loan) in Salesforce.com (CRM) the customer relationship software provider has decreased 1.90% to 12.55% over the past month.

Over this period the share price in CRM has increase 3.65%. The utilization (which measures the supply and demand in the securities lending market) of CRM is currently at 45.04%, well off its 52 week high of 58.24% which was in early March 2009. This indicates that despite some short covering over the last few months CRM continues to be a popular short.

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