CUMULUS MEDIA INC (CMLS) 2.26 $0.01 (0.44%) 09:37PM (15 mins delay)

Shorts Bet Against SIRI, But for Emmis and Entercom

Nov 03, 2009 - 2:10 PM EST

Jessica Johnson submits:

Sirius (SIRI) reports earnings on Thursday. Wall Street does not know what to expect from this NASDAQ stock, which has had a rollercoaster of a ride this year.

The short position is rising, and currently stands at 4.7%. The price has been stable, but trade is thin. However, a number of related stocks - Emmis Communications (EMMS), Entercom Communications (ETM), and Cumulus Media (CMLS) have all been strong price performers in the past few days.

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Source: Seeking Alpha (Nov 03, 2009 - 2:10 PM EST)