Stock of the day: L-1 Identity Solutions, Inc

Shares in L-1 Identity Solutions, Inc slid 8% in two weeks after approval for the takeover bid from Safran SA was delayed for the second time, reported Bloomberg. Short interest in L-1’s stock has almost quadrupled since January to 18% of total shares outstanding on loan, representing more than 60% of the amount of stock available to borrow. Meanwhile, total holdings of large funds who lend has reached an annual high of 23% of total shares outstanding.