from DailyFinance.com by Douglas McIntyre
Filed under: Company News, Honda Motor Co, Toyota, General Motors, Autos
Short sellers have significantly increased their bet that GM (GM) shares are going to drop: Short interest in the No.1 U.S. car company jumped 26.5% to 41.5 million shares in the two-week period that ended May 15.
Based on the stock’s trend, the market would appear to agree with opinion. GM shares have fallen more than 15% this year, while the DJIA is 7% higher.
GM’s first quarter earnings were impressive enough. The quarter’s net income attributable to common stockholders of $3.2 billion,…
http://www.dailyfinance.com/2011/05/25/why-wall-street-is-betting-against-gm/ ">Why Wall Street Is Betting Against GM
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