An improving outlook for a company tends to shake out bearishness for companies facing high short-selling. In the technology sector, shares in companies like Oracle (ORCL) and Cisco (CSCO) rose more prominently than normal, after short-sellers covered their negative bets against them. Investors who bet against the prospects in Yahoo (YHOO) lost up to 25% as shares rose from $16 in October 2012 to $19.50. The companies experiencing a sharp decline in bearishness are listed below:
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Bearishness happened to have declined for large capitalization technology stocks. While the negative positions could have been hedges, the appreciation in these shares is justified. Oracle reported another strong quarterly result, while Cisco did not provide guidance that was too disappointing.Yahoo’s management change is so-far being greeted positively. Social media companies like Facebook (FB) or LinkedIn (LNKD) may command a premium, but Yahoo still draws healthy traffic to its content-generating sites. Yahoo Finance continues to be a popular portal for investors, and its partnership with CNBC and other media houses ensures there is always fresh material for its users. Of the companies listed, only communications equipment maker QUALCOMM (QCOM) and Microsoft (MSFT) continued to decline after short-selling volume declined 10% and 14% respectively.
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