The company has 72.6 million shares in its "float" - the number of shares circulating among the general public.

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The house, as evidenced by the 3, 000 largest U.S. public companies, in February for the first time since we started tracking monthly float six months ago shrank the number of shares outstanding at a 1.3% annual rate, compared with a 1.3% share growth rate in January and a 3% annual growth rate in the number of shares last October.

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Short interest still accounts for a whopping 34% of the stock's total float, despite an 8.8% decline in the number of PALM shares sold short during the most recent reporting period.

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