“The fourth quarter will make or break Apple Inc.’s near-term fortunes for many investors,” Douglas A. McIntyre reports for 24/7 Wall St. “Presumably, sales of the new iPhone 6s family should be buoyed by holiday shoppers.”
“Some short sellers believe prospects are less than good,” McIntyre reports. “The short interest in Apple rose 53% in the period that ended November 30 to 108.4 million shares. That makes its shares the fifth most shorted of all companies traded on Nasdaq.”
McIntyre reports, “Short sellers are betting as much on China as more visible sales of the iPhone in the United States over the holidays.”
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