No large U.S. company is attracting more attention from
short sellers than Facebook Inc. (FB), amid bets the world’s biggest
social-networking company will keep falling after losing $27 billion since its
initial public offering Bloomberg reports.
Short interest on the Menlo Park, California-based company
reached 5.9 percent of shares outstanding, according to data compiled by
Bloomberg and Data Explorers Ltd., a New York-based research firm. None of the
Standard & Poor’s 500 Index companies with at least $50 billion in market
capitalization has short interest higher than 3 percent, the data show. Facebook,
which has a market value of about $63.8 billion, isn’t in the S&P 500. Shares of Facebook have slumped 29 percent
since they began trading on May 18…
Wait…wait..there’s more at http://www.bloomberg.com/news/2012-06-06/facebook-is-top-short-seller-target-among-large-stocks.html
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