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Short sellers test the water on Twitter

Short sellers test the water on Twitter | Better know and better use Social Media today (facebook, twitter...) | Scoop.it

(Reuters) - Short sellers are starting to circle around Twitter shares, data from SunGard Financial Systems showed on Wednesday, a sign some investors think the stock price will fall after the micro-blogging site had its market debut last week.

Data shows the cost to borrow Twitter shares jumped from about 5 percent to near 20 percent annually, indicating increased demand to borrow shares. That's an elevated level for borrowing, as most stocks have a borrow cost of 1 percent or less, but not entirely unusual for an offering with the fanfare of Twitter.

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