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Reuters | 12 Aug 2008 | 09:20 AM ET
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From mid-July to late July short interest dropped 5.34 percent, on average, in the shares of 17 major financial firms affected by the U.S. Securities and Exchange Commission emergency short-selling rule, according to the latest data from the exchange.

U.S. securities regulators issued an emergency rule last month to limit illegal "naked" short selling in shares of 19 major financial firms, including Fannie Mae [FNM  Loading...      ()   ] and Freddie Mac [FRE  Loading...      ()   ].

While the rule is set to expire on Tuesday, data Monday from the New York Stock Exchange revealed the change in short interest in 17 of these stocks since the rule went in to effect.

The data, below, compares short interest figures from July 31 to July 15.

StockJuly 31July 15% Change
Freddie Mac 119,388,354    105,969,929         12.66
Fannie Mae 146,455,461    154,430,053         -5.16
Bank of America 125,039,172    136,885,083         -8.65
Morgan Stanley 43,130,415     47,139,717         -8.51
Citigroup151,513,897    158,620,361         -4.48
Goldman Sachs 12,450,836     15,050,185      -17.27
JPMorgan 48,849,725     56,841,902      -14.06
Lehman Brothers 82,087,766     85,322,267         -3.79
Merrill Lynch 54,890,344     63,532,112      -13.60
Barclays 6,043,120      6,289,182         -3.91
Credit Suisse 1,276,785      1,696,952      -24.76
Deutsche Bank 2,498,983      3,052,990      -18.15
Allianz 663,455      1,303,027      -49.08
Royal Bank ADS 4,146,821      5,961,925      -30.44
HSBC Holdings 8,417,827      8,436,680         -0.22
Mizuho Financial 306,287      1,465,347         -79.1
UBS14,338,459     15,876,523         -9.69

Source: NYSE Data
Shares of Daiwa Securities and BNP Paribas are not listed on the NYSE, so short interest figures were not available.

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