The short base (as measured by the percent of shares outstanding on loan) in Clearwire Corp (CLWR) has risen over the past month by 14.17% to 0.95%. CLWR operates a wireless broadband network that provides services to nearly 400,000 subscribers primarily in the U.S. and Europe. The short base of CLWR is somewhat diluted because Intel Corp. (INTC) owns more than 18% of its shares outstanding.
Many believe that utilization (which measures the supply and demand in the securities lending market) can give a better indication of the ‘popularity’ of a short position. CLWR has a utilization of 69.88%, which has increased by 24.95% over the past month. CLWR’s share price is trading just under 5 dollars which makes it down only 1.22% YTD, but well off its high of $32.50 in July 2007.
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