Shorts Sellers Look For Sharp Sell-Off In Financials (WM)(WFC)(WB)(FNM)(AIG)

[24/7 Wall St.]

24/7 Wall St. Daily News

Short sellers sharply increased their bets against big US banks based on data from the NYSE as of May 30. The number compare with those onMay 15. Short interest in Washington Mutual (WM) was up 12.2 million shares to 204.9 million. Shares short in Wells Fargo (WFC) rose 29.3 million to 153.1 million. Short interest in Wachovia (WB) rocketed 30.5 million shares to 151 million., The short position against Fannie Mae (FNM) moved up 24.8 million to 129 million. Shares short in Lehman (LEH) moved up 2.1 million to 76.1 million. Short interest in AIG (AIG) jumped 11.4 million to...http://feeds.feedburner.com/~f/typepad/RyNm?i=1MoRmI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1MoRmI) http://feeds.feedburner.com/~f/typepad/RyNm?i=IZCg5I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=IZCg5I) http://feeds.feedburner.com/~f/typepad/RyNm?i=u7CQhi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=u7CQhi)


complete story here... (http://www.247wallst.com/2008/06/shorts-sellers.html)