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Short sellers have been steadily building up positions in AIG since early January

|Includes: American International Group Inc (AIG)

The US Treasury recently announced that it would sell shares in AIG for $30.

Since it peaked in early January, AIG's share price has steadily made its way towards that $30 level.  Over the same time period, shares borrowed (and shorted) has increased from 16 million shares to 28 million shares.