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Short Interest in International Business Machines Co. (NYSE:IBM) Decreases By 5.6%
International Business Machines Co. (NYSE:IBM - Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 21,840,000 shares, a decrease of 5.6% from the December 15th total of 23,140,000 shares. Based on an average daily volume of 4,080,000 shares, the days-to-cover ratio is presently 5.4 days.
International Business Machines Co. (NYSE:IBM - Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 21,840,000 shares, a decrease of 5.6% from the December 15th total of 23,140,000 shares. Based on an average daily volume of 4,080,000 shares, the days-to-cover ratio is presently 5.4 days.
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