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Netflix tops list of short interest decliners in 1st half of April

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.

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