




Short Sale Recap. Highest Daily Short Volume All Exchanges Combined For Thursday


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October 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Thursday, October 15th, 2009 and come to the following statistical conclusions. The chart below highlights 6 stocks that had unusually high daily short volume. Halliburton (NYSE: HAL), Regions Financial (NYSE: RF), Safeway (NYSE: SWY), Acorda Therapeutics (NASDAQ: ACOR), Cypress Semiconductor (NYSE: CY) and Stelite Industries India (NYSE: SLT). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Symbol Short Volume Total Volume Percent
HAL 7,461,737 30,384,458 24.56%
RF 4,833,878 35,214,179 13.73%
SWY 3,711,857 18,966,839 19.57%
ACOR 2,908,145 13,157,600 22.10%
CY 2,859,983 14,797,377 19.33%
SLT 2,740,875 11,593,300 23.64%
In late October 2008 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, stocks should theoretically never be on the naked short list again. BUYINS.NET will monitor the exchangesa� naked short lists daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver on any short sales.
Reg SHO Rule 204 (i) requires brokers to deliver shares on long and short sales of publicly traded equity securities by settlement date, (ii) continues to require brokers to close-out fails to deliver by the beginning of trading on T+4 for short sales and T+6 for long sales, (iii) precludes clearing brokers and their introducing brokers from selling short a security, other than on a pre-borrowed basis, if a fail to deliver in that security is not timely closed out until the fail is closed out and that close-out transaction settles, (iv) allows clearing brokers to allocate fails to introducing brokers and (v) continues to permit brokers to rely upon pre-fail credit to satisfy Rule 204's close-out requirement to avoid the pre-borrow requirements when a fail at a clearing broker has not been closed out. However, the SEC liberalized certain of these provisions in several regards. For example, permanent Rule 204 now allows a broker to close-out a fail on a long sale by borrowing the security, whereas Rule 204T had only permitted closing out long fails by buying-in, which should alleviate some of the buy-in risk for investors that experience long fails. Similar relief was extended to close-outs for market maker fails, so that a fail from a bona fide market making transaction (including short and long fails) can now be closed out by the beginning of trading on T+6 by borrowing the security. Further, Rule 204 now permits a broker to borrow securities to obtain pre-fail credit for early close-outs, whereas temporary Rule 204T only permitted pre-fail credit to be obtained by purchases of securities.
The SEC refused requests to extend the close-out deadline for fails to deliver to the close of business on the close-out deadline, choosing instead to retain the requirement that all fails be closed out by the beginning of trading on the applicable close-out deadline. The Commission also rejected requests for a fail to deliver exception that would have provided an exception from the close-out requirements if a clearing broker's fail position was below a certain amount but said that it would continue to monitor whether a de minimis or odd lot exception could be warranted.
Halliburton Company (NYSE: HAL) provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide. It company operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment provides production enhancement services, completion tools and services, and cementing services. Its production enhancement services include stimulation services, pipeline process services, sand control services, and well intervention services; completion tools and services comprise subsurface safety valves and flow control equipment, surface safety systems, packers and specialty completion equipment, intelligent completion systems, expandable liner hanger systems, sand control systems, well servicing tools, and reservoir performance services; and cementing services consist of bonding the well and well casing, while isolating fluid zones and maximizing wellbore stability, and casing equipment. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and well construction solutions that enable customers to model, measure, and optimize their well placement and reservoir evaluation activities. Its services include fluid services, drilling services, drill bits, wireline and perforating services, software and asset solutions, and project management services. In addition, the company provides microseismic fracture mapping services and tiltmeter mapping services. It serves national and independent oil and gas companies. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas.
Regions Financial Corporation (NYSE: RF) operates as the holding company for the Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. It offers various deposit products, including checking accounts, savings accounts, money market accounts, and foreign deposits, as well as time deposits, including certificate of deposits and individual retirement accounts. The companya�s loan portfolio comprises commercial and industrial loans; commercial real estate loans; real estate mortgage loans; residential first mortgage loans; home equity loans and lines of credit; indirect lending; and other consumer loans, such as direct consumer installment loans, overdrafts and other revolving credit, and educational loans. Regions Financial Corporation, through other subsidiaries, also provides regional brokerage and investment banking products and services, such as securities brokerage, asset management, financial planning, mutual funds, securities underwriting, and sales and trading services, as well as insurance brokerage services for various lines of personal and commercial insurance, including property, casualty, life, health, accident, and credit-related insurance products. In addition, the company provides domestic and international equipment financing products primarily to commercial clients. As of December 31, 2008, it operated approximately 1,900 full-service banking offices and 2,300 automated teller machines in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company was founded in 1970 and is headquartered in Birmingham, Alabama.
Safeway Inc. (NYSE: SWY), together with its subsidiaries, operates as a food and drug retailer in North America. The company operates stores that provide an array of grocery items, food, and general merchandise, as well as features specialty departments, such as bakery, delicatessen, floral, and pharmacy, as well as coffee shops and fuel centers. It also offers SELECT line of products that include salsas, bagged salads, whole bean coffees, cookies, frozen pizzas, fresh and frozen pastas, and an array of ice creams and hors da�oeuvres; O ORGANICS line, which comprises milk, chicken, salads, juices, and entrees; Eating Right line of better-for-you products; Bright Green line of home care products; Priority Total Pet Care line of pet foods and pet care products; Basic Red value-priced paper goods; and Lucerne line of dairy products and the Primo Taglio line of meats and cheeses. As of January 3, 2009, Safeway operated approximately 1,739 stores in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area, and the Mid-Atlantic region, as well as British Columbia, Alberta, and Manitoba/Saskatchewan. It also owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel, doing business under the names Safeway.com, Vons.com, and Genuardis.com; and Blackhawk Network Holdings, Inc., which provides third-party gift cards, prepaid cards, telecom cards, and sports and entertainment cards to North American retailers for sale to retail customers, as well as engages in gift card businesses in the United Kingdom and Australia. In addition, the company, through its 49% ownership interest in Casa Ley, S.A. de C.V., operates 146 food and general merchandise stores in western Mexico. The company was formerly known as Safeway Stores, Incorporated and changed its name to Safeway, Inc. in February 1990. Safeway was founded in 1915 and is based in Pleasanton, California.
Acorda Therapeutics, Inc. (NASDAQ: ACOR), a biopharmaceutical company, engages in the identification, development, and commercialization of various therapies for the improvement of neurological functions in people with multiple sclerosis (MS), spinal cord injury, and other disorders of the central nervous system in the United States. It markets Zanaflex Capsules and Zanaflex tablets, a short-acting drug indicated for the management of spasticity. The companya�s lead product candidate is Fampridine-SR, which completed two positive Phase III clinical trials for the improvement of walking ability in patients with MS. Its preclinical programs comprise remyelination programs that include two distinct therapeutic approaches to stimulate repair of the damaged myelin sheath in MS, Glial Growth Factor 2, or GGF-2, and remyelinating antibodies; and Chondroitinase Program that develops second generation approaches to overcoming the proteoglycan matrix. Acorda Therapeutics sells its products through internal specialty sales force and contract pharmaceutical telesales organizations. The company was founded in 1995 and is based in Hawthorne, New York.
Cypress Semiconductor Corporation (NYSE: CY) operates as a semiconductor company in the United States and internationally. The company delivers various high-performance, mixed-signal, programmable solutions. Its products include programmable system-on-chip (PSoC) products, capacitive sensing and touchscreen solutions, universal serial bus (USB) controllers, wirelessUSB, CyFi low-power radio frequency, programmable clocks, and buffers. Cypress Semiconductor Corporation also offers communication products, peripheral controllers, dual-port interconnects, programmable logic devices, and power PSoC, as well as line of switches, cable drivers, and equalizers for the professional video market. In addition, it provides peripheral bridge controllers, dual-port memories, physical layer devices, and programmable logic devices. Further, the company designs and manufactures SRAM products and nonvolatile memories, which are used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and various electronic systems, as well as provides image sensor products that are used in industrial, medical, and aeronautic applications. Additionally, Cypress Semiconductor Corporation offers a wireless pneumatic thermostat that enables remote temperature sensing and control; a wireless gauge reader, which clips onto the face of existing gauges to capture and transmit data; a wireless steam trap monitor that detects leaks and failures; a wireless transducer reader, which provides energy-use characterization and baseline data for audits; and optical navigation sensors. It serves consumer, computation, data communications, automotive, medical, and industrial markets. The company markets its products through direct sales force, distributors, trading companies, and representative firms. Cypress Semiconductor Corporation was founded in 1982 and is headquartered in San Jose, California.
Sterlite Industries (India) Limited (NYSE: SLT) operates as a non-ferrous metals and mining company in India and internationally. The company engages in copper smelting and refining, and sulphuric acid and phosphoric acid production operations. It offers copper cathodes for use in the manufacture of copper rods to the wire and cable industry, and for making alloys, such as brass, bronze, and alloy steel with applications in defense and construction, as well as copper tubes for consumer durable goods; copper rods that are primarily used in power and communication cables, transformers, and magnet wires; sulphuric and phosphoric acid to fertilizer manufacturers and other industries; and other by-products, such as gypsum and anode slimes to third parties. The company also produces and sells zinc ingots to steel producers for galvanizing steel, as well as to alloy, dry cell battery, die casting, and chemical manufacturers; lead ingots primarily to battery and chemical manufacturers; and silver ingots primarily to industrial users of silver. In addition, it produces primary aluminum in the form of ingots and wire rods that are used for aluminum castings and the fabrication in the construction and transportation industries, as well as in various electrical applications; rolled products, including coils and sheets for the aluminum foil manufacturing, printing, transportation, consumer durables, building and architecture, electrical and communications, packaging, and general engineering industries; and Vanadium sludge, a by-product of the alumina refining process and is primarily used in the manufacture of vanadium-based ferro alloys. The company is based in Mumbai, India. Sterlite Industries (India) Limited operates as a subsidiary of Twin Star Holdings Limited.
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