Sirius XM, E*Trade Short Interest Rises - TheStreet

Sirius XM, E*Trade Short Interest Rises

Sirius XM Radio and E*Trade Financial were again among the most heavily shorted Nasdaq stocks in the last half of May.
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NEW YORK (

TheStreet

) --

Sirius XM Radio

(SIRI) - Get Report

and

E*Trade Financial

(ETFC) - Get Report

both saw a rise in short interest in the second half of May, according to Nasdaq data published by

Reuters

.

Sirius saw short interest increase to nearly 215 million shares, up from 209 million in the previous half of May, making it the most heavily shorted stock on the Nasdaq for at least the second straight period since

TheStreet

began tracking the data.

E*Trade was number four on the list of most heavily shorted stocks, with 86 million shares sold short, up from 83 million in the period ending May 14.

>>Jim Cramer: Thoughts on Sirius

Sirius shares were up 1.8% to 98 cents in recent trades, while E*Trade's stock, which underwent a reverse 1-for-10 split on June 2, was up 4% to $13.51 on Thursday. The performance of the stocks year-to-date is worlds apart with Sirius up more than 60% through Wednesday's close, and E*Trade down around 25%.

Other heavily shorted names included

Level 3

(LVLT)

, with 112 shares sold short,

YRC Worldwide

(YRCW) - Get Report

with 98 million in short interest and

Myland Inc

(MYL) - Get Report

with 82 million in short interest.

In total, short interest in Nasdaq stocks swelled to 7.21 billion in the last half of May from 7.18 billion in the first half of the month. The shares held short equate to roughly 2.69 days of average daily volume for the Nasdaq, compared with an average of 2.34 days for the previous reporting period, the exchange operator said.

--

Written by Dan Freed in New York

.