Corning Incorporated (NYSE:GLW) Sees Large Growth in Short Interest

Corning Incorporated (NYSE:GLW) Sees Large Growth in Short Interest

Corning Incorporated (NYSE:GLW - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,670,000 shares, a growth of 18.4% from the April 30th total of 10,700,000 shares. Currently, 1.6% of the company's shares are sold short. Based on an average trading volume of 6,350,000 shares, the short-interest ratio is presently 2.0 days.