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Why Sprint Short Interest Is Surging

Concerns about whether a turnaround of embattled wireless company Sprint Corp. (NYSE: S) could work are reflected in the short interest in the stock. It rose 17,659,368 shares to 177,338,218, which made it about the third highest among stocks traded on the New York Stock Exchange.

The comparison is for the two weeks that ended October 15, compared to the prior two weeks.

Sprint has been in the midst of a turnaround for years. Most recently Japan’s Softbank took a controlling position in the company. It wanted a large foothold in America. That has not worked at all. Sprint has fallen from its perennial position as the number three...