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The 6 Most Shorted NYSE Stocks: Sprint Short Interest Surges

After being cautious in the previous period, short sellers made their moves in the most shorted stocks trading on the New York Stock Exchange between the September 15 and September 30 settlement dates. In particular, the short interest in Vale dropped sharply, allowing the company to drop from the top of the list. In the meantime, the number of shares short in Sprint surged during the latter weeks of the month.

Note that the six most shorted NYSE stocks all had more than 115,000 shares short at the end of the most recent settlement period.

After rising since the end of May, short interest in Chesapeake Energy Corp. (NYSE: CHK) added another 2% or so to around 225.20 million shares by the end of month. That was 34.3% of the company’s float, and the days to cover remained about 13. The company said in September it would reduce its headcount by 15%. Short sellers watched the stock climb more than 10% but then drop twice as much between the settlement dates. Since then shares have surged more than 26%. They closed at $8.88 on Friday. In the past year, shares have traded between $6.01 and $24.43 apiece.

There was a more than 15% plunge in the number of Vale S.A. (NYSE: VALE) shares short during the two-week period to almost 191.07 million. That was the lowest level of short interest since last January. At the most recent average daily volume, it would take around nine days to...