Washington Mutual: Short Interest Update

The latest data on Washington Mutual's short interest (WM) is as of close of business on Thursday, ahead of the SEC Restriction on short-selling. There was a minimal amount of short covering - from 23.99% to 22.81% between Wednesday and Thursday's trading.

This chart shows the behaviour of the stock over the last three months. You can see that short positions are still reasonably high in this stock.

We will give you an update on this stock and others when the data is cleared on Tuesday.

click to enlarge

Comments

[22thoroughbred:]

I think at a $2-$3 price the risk/reward isn't there, especially knowing they are being shopped around. That may be the cause in the short posn. not increasing.

2008 Sep 23 10:11 PM