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Baidu short interest

|Includes:Baidu, Inc. (BIDU)

This article suggests the rally in Baidu (amongst others) is about to reverse because of an increase in short interest:

I plotted the short interest against the share price for the last 12 months and it doesn't look like there has been much of a correlation so far.

I speculate the increase in short interest might be due to the fact we are approaching 1150 in the S&P which is a key level rather than anything about this stock in particular.

(The price looks like its approaching 1000 because I adjusted for the recent split.
Short interest data from Nasdaq, monthly prices from Yahoo).

Disclosure: Long BIDU

Stocks: BIDU