Xilinx Short Selling at 25-Month High Before Earnings
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Short sellers have increased bets against Xilinx Inc.’s stock to the highest level in 25 months as the company, which reports quarterly results tomorrow, rallied to prices last seen in March 2005.
Bearish wagers against the San Jose, California-based company rose to 14 percent of shares outstanding, the most since October 2008, according to data compiled by Data Explorers, a New York-based research firm. At the same time, the stock more than doubled since November 2008 to $31.69 on Jan. 14.