Short interest in financial shares rose 9% in May's 2nd half, the largest increase since March...

|By:, SA News Editor
Short interest in financial shares rose 9% in May's 2nd half, the largest increase since March 2009 (not a bad time to buy). A 75% jump in Bank of America (BAC) and 61% surge in Citigroup (C) shorts led the way, and the other TBTFs were touched as well. The triple-leveraged financial bear FAZ, +11% over the last month.