Ron Burgundy Posted October 1, 2015 Share Posted October 1, 2015 By Noel Randewich SAN FRANCISCO (Reuters) - Wearable gadget maker Fitbit Inc attracted far more bets against its recently rising stock in September, underscoring concerns about competition from the likes of Apple Inc . Since Sept. 10, borrowing in Fitbit shares has jumped 50 percent, according to lending data from SunGard's Astec Analytics, which provides a strong glimpse into short-selling activity. While short-selling in Fitbit declined from 7.4 percent of outstanding shares at the end of August to 6.9 percent in mid-September, that rate is still much higher than the average short interest of 2.7 percent for tech companies, according to Thomson Reuters data. View the full article Quote Link to comment Share on other sites More sharing options...
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