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Cadbury:

The short interest (as measured by Percent Shares Outstanding On Loan) for Cadbury Plc (CBY) has fallen 7.73% over the past week and now stands at 1.01%. This is up 94.19% from the 52 week low hit on July 8, 2009. When compared to other Europe Food Products companies, the short base is well below the average of 1.40% for the sector.

Over the past week the Negative Sentiment Indicator (DNS) for CBY saw a small decrease to the second decile. The DNS for the security is now low indicating an decreasing amount of negative short sale sentiment. The Price Squeeze Indicator (DIPS) remained unchanged and continues to be in the first decile which indicates a low probability of a price squeeze. In light of the recent offer from Kraft we’d expect to see the short base fall.

Download the whole report here.

Kraft:

The short interest (as measured by Percent Shares Outstanding On Loan) for Kraft Foods Inc (KFT) has risen 31.8% over the past week and now stands at 0.54%. This is up 54.81% from the 52 week low hit on September 1, 2009. Even though the security has seen an increase in short interest of the past week, when compared to other North America Food Products companies, the short base is well below the average of 4.36% for the sector. Over the past week the Negative Sentiment Indicator (DNS) for KFT was unchanged. It remains in the first decile, indicating a low amount of negative short sale sentiment for the security. The Price Squeeze Indicator (DIPS) remained unchanged and continues to be in the first decile which indicates a low probability of a price squeeze.

Download the whole report here.

Source: Takeover Update: Short Positions on Cadbury and Kraft