Four stocks that saw short interest on NYSE from a period of February 13 to February 27 include AT&T Inc. (NYSE: T), Vale S.A. (NYSE:VALE), Pfizer Inc.’s (NYSE: PFE) and Transocean Ltd. (NYSE: RIG). All these stocks had a total of 110,000 short shares by the end of February 27.
The short shares of AT&T Inc. (NYSE: T) rose to 317.99 million during this two week period. The increase represents 6.1 percent of the float. If the rate remains the same, it will take another thirteen days for the company to fill all the short positions. It is important to mention here that AT&T Inc. (NYSE:T) has been seeing a rise in its short interest from September 2014.
Coming to the stocks prices of AT&T Inc. (NYSE:T), the shares declined by more than 5 percent during the period. On March 24, 2015, stocks closed at a price of $33.07. As far as the 52 week figures of the stocks are concerned, the numbers are recorded to be from $32.07 to $37.48.
Moving on to the next company, the stocks of Vale S.A. (NYSE:VALE) saw an increase of 11.8 percent. This increase brought the short shares to a total of 226.70 million. It is worth mentioning here that the company’s short interest is currently at the highest level that it has seen over the past one year. Estimates are that the company needs around 6 days to cover its short interests.
Merrill Lynch lowered the stocks of Vale S.A. (NYSE:VALE) in March, causing the shares to come down by 21 percent. On the last trading day of March 25, 2015, the stocks closed at a price of $6.29. The stocks have a 52 week range of $5.63 to $15.59.
Coming to the short interests of Pfizer Inc.’s (NYSE: PFE), the stocks saw an increase of 9.2 percent during the two week period, bringing the total to 156.56 million. The company saw a 2.5 percent float rate in its stocks, which means that it would take another 6 days for the company to cover all its short positions. Credit Suisse gave the stocks of Pfizer Inc.’s (NYSE: PFE) an upgraded rating. Shares of the company closed at a price of $34.52 on March 25, 2015. As far as the 52 week range is concerned, the figures are recorded to be around $27.51 to $35.45.
Transocean Ltd. (NYSE: RIG) did not see much increase in its short interests. The float rate of company’s stocks came to a total of 33.1 percent, brining the short to 115.67 shares. According to the estimates, the company can cover its short interests in another 11 days.
The stocks of the company declined by more than 15 percent due to the fall in oil prices, on March 25, 2015. The stocks closed at a price of $14.83 on the last trading day of March 25. The 52 week range of Transocean Ltd.’s (NYSE: RIG) stocks has recorded to be from $13.28 to $46.12.
