Short Interest Data For Internet Stocks (GOOG, IACI, EXPE, ADBL, PCLN)

NASDAQ and NYSE Short Interest data through February 15th was released earlier this week. Citigroup analyst Mark Mahaney highlights some of the key trends for Internet stocks:

Summary:

● The median M/M change in Short Interest for the stocks we cover was down 4.4% (vs. up 5% in January). The biggest M/M changes were: GOOG (down 38%), IACI (down 33%), EXPE (down 15%), and EBAY (down 14%).

● ADBL, PCLN, EXPE and WBMD had by far the highest Short Interest Ratios among the stocks we cover. ADBL, NFLX, PCLN, and WBMD had the highest Short Interest as a % of Float. These two measures indicate relatively high levels of negative sentiment with these shares.

● February Net Short Interest With M/M and Y/Y Change:

● January and February 2006 Short Interest Ratio Levels:

● February Short Interest as a Percentage of Float:

● Short Interest Trends During Q4:05 and Q1:06 QTD: