Apple Short Interest Drops to Lowest in Almost Four Years: Chart

Apple Announces March 21 Event to Update Smaller iPhone

Apple Inc. shares have declined 24 percent from their February 2015 peak amid concern that iPhone growth is stalling. That’s brought short interest in the world’s most highly capitalized company down to its lowest level since April 2012. “It’s cheap and the stock has been expensive,” said Robert Cihra, an analyst at CRT Capital who recommends buying the stock. “The weaker iPhone trends that we’ve seen over the past two months have been priced in.”

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