Brandon Matthews submits:
By Brandon Matthews
The highly anticipated news of Sirius XM Radio (Nasdaq:SIRI) receiving a delisting letter from the Nasdaq has finally occurred, and as expected the company has announced its intention to appeal. Ahead of this notice, SIRI shares have fallen about .25, which was also anticipated and can be seen by the increased short interest over the past month or so. This is in spite of the fact that news surrounding Sirius XM has been favorable, including positive analyst comments and even more positive debt restructuring.