Shorts on E*Trade Up 286% Since June

Jessica Johnson submits:

The short base (as measured by Percent Shares Outstanding On Loan) for E*Trade Financial Corp (ETFC) has increased 121.78% over the past 3 month and now stands at 14.94%. This is up over 285.56% from the 52 week low hit on June 26, 2009.

When compared to other North American Financial Services Companies, the short base is well above average for the sector. It is considerably higher than Stifel Financial Corp (SF) 10% and Raymond James Financial Inc (RJF)12.98% who also have large short bases, and well above the rest of the sector, as represented by Charles Scwab (SCHW) 0.99% and TD Ameritrade Holding Corp (AMTD) 0.76%.

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