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Investors Betting Comcast Stock has Peaked

Short positions rise as traders expect bump from NBCU acquisition overinflated Comcast’s stock price

Short interest in Comcast Corp has jumped in recent weeks as some investors bet that the rise in the cable company’s shares following its NBC Universal deal has reached a peak. Short positions in Comcast rose 24 percent — or 10.6 million shares — in the two weeks to December 15, making the company the third-biggest increase in short interest on Nasdaq.
This comes after the shares gained as much as 18 percent after Comcast announced its deal on December 3 to take a 51 percent stake in NBC Universal. Comcast would spend around $6.5 billion in cash and contribute cable networks worth $7.25 billion.
Read more by Reuters.