NetflixInc. reached the top of the list of short interest decliners amongmedia and entertainment companies surveyed by SNL Kagan in the first half ofApril.
The Los Gatos, Calif.-based streaming giant witnesseda short interest drop of 354 basis points between March 31 and April 15 to8.06% of outstanding shares.
Meanwhile, DiscoveryCommunications Inc. led short interest gainers with an increase of209 basis points to 13.04% of outstanding shares.
OuterwallInc. heldits position as the most heavily shorted media and entertainment stock, withshort interest on 44.46% of outstanding shares as of April 15.