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DRYS, BPOP, YHOO, MRVL, CMCSA, IMMU With Highest Daily Short Volume On NASDAQ Yesterday

^{Published on 2009-08-28 09:58:56, Last Modified on 2010-12-22 14:41:53 - WOPRAI}
 

August 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, August 27th, 2009 and come to the following statistical conclusions. There were 6,556 stocks with daily short volume reported and total NASDAQ trading volume of 1,659,145,411 shares. Total Daily Short Volume was 816,737,184 shares. 49.22% of all trading on the NASDAQ yesterday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. DryShips (NASDAQ: DRYS), Popular Inc. (NASDAQ: BPOP), Yahoo (NASDAQ: YHOO), Marvell Technology Group (NASDAQ: MRVL), Comcast (NASDAQ: CMCSA) and Immunomedics (NASDAQ: IMMU). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090827 DRYS 5,807,502 11,695,181 Q 49.66%

20090827 BPOP 1,296,300 10,090,337 Q 12.85%

20090827 YHOO 4,042,382 8,498,377 Q 47.57%

20090827 MRVL 3,221,737 6,935,897 Q 46.45%

20090827 CMCSA 4,224,958 6,900,553 Q 61.23%

20090827 IMMU 3,034,769 6,122,148 Q 49.57%

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.

DryShips, Inc. (NASDAQ: DRYS) engages in the ownership and operation of drybulk carriers that operate worldwide. The companya�s fleet carries various drybulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. As of August 10, 2009, it owned a fleet of 41 drybulk carriers comprising 7 Capesize, 29 Panamax, 2 Supramax, and 3 newbuilding drybulk vessels with a combined deadweight tonnage of approximately 3.6 million tons, as well as 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.

Popular, Inc. (NASDAQ: BPOP), through its subsidiaries, provides a range of retail and commercial banking products and services in Puerto Rico, the United States, Venezuela, and the Dominican Republic. It also provides vehicle financing, leasing, and daily rental services; mortgage loans; and insurance agency and brokerage, and reinsurance services, as well as offers financial advisory, investment, and security brokerage services for institutional and retail customers. As of December 31, 2008, the company operated 179 branches and approximately 600 automated teller machines in Puerto Rico, 7 branches in the U.S. Virgin Islands, 1 branch in the British Virgin Islands, and 1 branch in New York. In addition, it provides financial transaction processing and information technology solutions and services in the United States, the Caribbean, and Latin America. Further, the company develops financial processing software applications; sells hardware products, such as ATM, POS, and communication products; and provides ATM switching and driving services. Popular, Inc. was founded in 1917 and is headquartered in Hato Rey, Puerto Rico.

Yahoo! Inc. (NASDAQ: YHOO) provides Internet services to users, advertisers, publishers, and developers worldwide. The company owns and operates online properties and services, and provides its advertising offerings and access to Internet users through its distribution network of third-party entities, as well as offers marketing services to advertisers and publishers. Its Front Doors offerings include Yahoo! Front Page, My Yahoo!, and Yahoo! Toolbar; Communities offerings consist of Yahoo! Groups, Yahoo! Answers, and Flickr to organize into groups and share knowledge and photos; and Search products comprise Yahoo! Search, Yahoo! Local, Yahoo! Yellow Pages, and Yahoo! Maps to navigate through the Internet and search for information. It also offers Communications offerings comprising Yahoo! Mail, Zimbra Mail, and Yahoo! Messenger that provide communication services to users and small businesses through its broadband Internet access partners. In addition, the companya"s Audience offerings include Yahoo! News, Yahoo! Finance, and Yahoo! Sports, as well as Yahoo! Autos, Yahoo! Food, Yahoo! Games, Yahoo! Health, Yahoo! Kids, Yahoo! Movies, Yahoo! Music, Yahoo! Personals, Yahoo! Real Estate, Shine, Yahoo! Shopping, Yahoo! Tech, Yahoo! Travel, Yahoo! TV, and omg!. Further, its Connected Life business includes Yahoo! Mobile and Yahoo! Connected TV that offer services designed to provide users with access to the open Internet and their Yahoo! content and communities across various Internet-enabled devices, including mobile devices and television. The company also offers Yahoo! HotJobs, which provides comprehensive solutions for employers, staffing firms, and job seekers; and Yahoo! Small Business that offers a comprehensive and integrated suite of fee-based online services, including Yahoo! Domains, Yahoo! Web Hosting, and Yahoo! Business Mail, as well as e-commerce platform called Yahoo! Merchant Solutions. The company was founded in 1994 and is headquartered in Sunnyvale, California.

Marvell Technology Group Ltd. (NASDAQ: MRVL) designs, develops, and markets analog, mixed-signal, and digital signal processing and embedded microprocessor integrated circuits. The company offers storage products, including read channel, hard disk controller, system-on-a-chip solution, and tape drive controllers for hard disk drives, tape drive electronics, optical disk drives, solid-state flash drives, and storage subsystems technology; and switching products, which include Prestera switch family, Link Street multi-port integrated switch family, and Link Street gateway products. It also provides communications controller and embedded processor products, such as Discovery Innovation, Discovery system controllers, Horizon WAN communication controllers, Kirkwood embedded processor, and Orion embedded processor used in routers, switches, digital subscriber line access multiplexers, access concentrators, wireless base stations, VoIP gateways, and storage area networks; and enterprise transceiver and PC connectivity products, including Alaska and Alaska X 10 Gigabit Ethernet transceiver families, and Yukon Gigabit Ethernet PC connectivity products. In addition, the company offers cellular and handheld products that include communications processors, applications processors, and ecosystem partners; wireless products, such as Libertas wireless LAN family; personal area networking products, including bluetooth wireless networking family; printing ASIC products; and digital video processing products. It also provides power management and green technology products, including DSP switcher integrated regulators, DSP switcher integrated regulator modules, and digital PFC controllers. Marvell serves business enterprise, consumer electronics, and emerging markets primarily in the United States, Israel, Singapore, Germany, Canada, China, Hong Kong, India, Italy, Japan, Korea, Malaysia, Switzerland, Taiwan, and the United Kingdom. The company was founded in 1995 and is based in Hamilton, Bermuda.

Comcast Corporation (NASDAQ: CMCSA), together with its subsidiaries, provides cable services in the United States. It offers various consumer entertainment, information, and communication products and services to the residential and commercial customers. The company operates in two segments, Cable and Programming. The Cable segment manages and operates cable systems, including video, high-speed Internet, and phone services, as well as regional sports and news networks. Its video services include basic and digital cable, video on demand, high-definition television, digital video recorder, premium channel programming, and pay-per-view programming services. This segmenta�s high-speed Internet service consists of an interactive portal, Comcast.net, which provides multiple email addresses and online storage, as well as various proprietary content, and value-added features and enhancements. Its phone services include voice over Internet protocol digital phone service that provides local and domestic long-distance calling with various features, such as voice mail, caller ID, and call waiting services. The Programming segment operates consolidated national programming networks consisting of E!, The Golf Channel, VERSUS, G4, and Style. The company also develops and operates Comcasta�s Internet businesses focused on entertainment, information, and communication, including Comcast.net, Fancast, thePlatform, Fandango, Plaxo, and DailyCandy; and owns two professional sports teams and two multipurpose arenas, as well as manages other facilities for sporting events, concerts, and other events. As of December 31, 2008, Comcast Corporation served approximately 24.2 million video customers, 14.9 million high-speed Internet customers, and 6.5 million phone customers, as well as approximately 50.6 million homes in 39 states and the District of Columbia. The company was founded in 1969 and is based in Philadelphia, Pennsylvania.

Immunomedics, Inc. (NASDAQ: IMMU), a biopharmaceutical company, engages in the research, development, manufacture, and marketing of monoclonal antibody-based products for the treatment of cancer, autoimmune, and other serious diseases. Its lead product candidate is epratuzumab, a Phase IIb clinical trail product for the treatment of systemic lupus erythematosus and non-Hodgkina�s lymphoma; and Veltuzumab, which is in Phase I/II clinical study for the treatment of non-Hodgkina�s lymphoma, chronic lymphocytic leukemia, and for patients with ITP. The companya�s other products include IMMU-102, a Y-90-labeled epratuzumab product candidate, which is in Phase I/II clinical study for the treatment of patients with non-Hodgkina�s lymphoma; and IMMU-107 or PAM4 labeled with Y-90, a humanized monoclonal antibody product, which is in Phase I/II dose-escalation trials for the treatment of pancreatic cancer. Immunomedicsa� products also comprise Milatuzumab, a Phase I/II multicenter clinical trial product for the treatment of multiple myeloma, non-Hodgkina�s lymphoma, and chronic lymphocytic leukemia; and Labetuzumab, a Phase II clinical trail product that targets carcinoembryonic antigen. It also develops two platform technologies, including Dock-and-Lock method of fusing proteins and antibodies, and antibody-drug conjugation technology. In addition, the company markets and sells LeukoScan, a diagnostic product used for a range of infectious and inflammatory diseases. Immunomedics distributes its products in the United States and Europe. It has a license and collaboration agreement with Nycomed to develop, manufacture, and commercialize veltuzumab in the subcutaneous formulation for the treatment of various non-cancer indications. The company was founded in 1982 and is headquartered in Morris Plains, New Jersey.

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BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,650,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

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