Shorts In Cover Mode

Short interest numbers for the NYSE are reported for the period of settlement date August 15th. Short interest numbers have increased to 13,749,200,005 from 13,692,475,466 shares (revised) for an increase of 56,724,539 shares or 0.41% with 1,598 advancers and 1,902 decliners and seen more advancers than decliners in 46 of the last 92 initial reporting periods.

NYSE and NASDAQ had risen the last eight of fourteen reporting periods and dropping across the board over the last three months.

During this period on a trade date basis (7/26 to 8/12) the S&P fell by -0.13%. The conclusion is shorts capitulated their positions with the recent strength. The next short interest collection period covers from 8/12 to 8/27 which is today and so far the S&P 500 has fallen by -1.93%. It will be interesting to see how much shorting takes place.

Short interest numbers for NASDAQ are reported for the period of settlement date August 15th. Short interest numbers have decreased to 7,378,326,489 shares from 7,395,403,049 shares for a decrease of 17,076,560 shares or -0.23%. There were 1,089 increases and 1,402 decreases. In the last 92 reporting periods, NASDAQ has seen more advancers than decliners in 48 of the 92 last reporting periods.

Dedicated short sellers lost -5.74% in July (YTD -17.38%), as reported by www.hedgeindex.com and 2012 -15.99% while the index made 7.32% in 2011. For 2010 this index was down -17.79%. For 2009 this style lost -14.62%. In 2008, short sellers lost -1.52%. In 2007 short sellers made 4.14%.

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