In an article published in 24/7 Wall Street today, Douglas McIntyre noted that shortsellers are rounding up shares of tech companies to build up short bets. Short interest in several popular tech names spiked in the two weeks of the month ending on October 15. It seems investors are anticipating bad news in the earnings release for the third quarter. Yahoo! Inc. (NASDAQ:YHOO) saw a 22 percent increase in its share out on loan, whereas short interest in Groupon Inc (NASDAQ:GRPN) increased by 23 percent and the gaming company, Zynga Inc (NASDAQ:ZNGA) experienced an 18 percent increase in borrow interest.
Meanwhile, as Citi's Deborah Weinswig noted in her short interest report, the increase...
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