"Why Short Sellers Have Piled On Skyworks..

Article from 8/11:
http://finance.yahoo.com/news/why-short-sellers-piled-skywor…

Excerpts:

“A CLSA analyst may have found cause to upgrade Skyworks (SWKS) and raise its price target, but that ran counter to investor sentiment after the recent earnings report. And the latest short interest data reveal short sellers found the stock of particular interest between the July 15 and July 29 settlement dates too, but for a different reason: betting against it.”

“Massachusetts-based analog semiconductor producer and Apple Inc. (NASDAQ: AAPL) supplier Skyworks saw the number of its shares short jump more than 35 percent to almost 11.24 million shares in the last half of the month.”

“Skyworks shares sold off despite the solid earnings report due to inventory concerns, and they have yet to recover.”

4 Likes