Deals
A Lot of People Are Betting That the CA-Broadcom Deal Collapses
- Short interest in the software maker is about 8% of float
- Broadcom says it was the target of a fraudulent memo
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Are there traders out there who want shares of CA Inc. to decline? Yes. More than in other takeover stocks. Does that prove short sellers are targeting the company with deceptive practices? No.
About 25 million shares of the New York-based software maker have been borrowed and sold short, according to research firm S3 Partners, a little over 8 percent of the company’s float.