Short Interest Rises as Nokia Battles Interdigital, Apple

by: Data Explorers

Nokia announced losses last week. This sector is attracting a lot of attention - Nokia has been unsuccessfully challenged by Interdigital (NASDAQ:IDCC) over patent infringement; and Nokia (NYSE:NOK) in turn is mounting a legal IP challenge to Apple (NASDAQ:AAPL). Market interest has also been sparked by the new Google (NASDAQ:GOOG) Android phone. The short base in Nokia stands at 3.8%, up from 2.5% a week ago. The proportion of lendable currently being utilized is 15%. For the full report click here.

Interdigital has seen a sharp rise in short seller interest following the ITC ruling that Nokia did not infringe its patents. The short base currently stands at 8%, and 38% of the available inventory is being utilized. For the full report click here.