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48.82% Of All NYSE Trading Friday Was Short Selling. DGW, CLR, TCO, HOV, VOD, USB With Highest % Of Daily Trading Volume Short

^{Published on 2009-08-30 12:05:30, Last Modified on 2010-12-22 14:42:00 - WOPRAI}
 

August 31, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, August 28th, 2009 and come to the following statistical conclusions. There were 6,381 stocks with daily short volume reported and total NYSE trading volume of 1,161,130,491 shares. Total Daily Short Volume was 566,882,845 shares. 48.82% of all trading on the NYSE Friday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Duoyuan Global Water (NYSE: DGW), Continental Resources (NYSE: CLR), Taubman Centers (NYSE: TCO), Hovnanian Enterprises (NYSE: HOV), Vodafone Group (NYSE: VOD) and US Bancorp (NYSE: USB). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090828 DGW 83,883 106,249 P 78.95%

20090828 CLR 117,477 153,583 P 76.49%

20090828 TCO 153,191 205,768 P 74.45%

20090828 HOV 394,055 530,160 P 74.33%

20090828 VOD 396,477 536,080 P 73.96%

20090828 USB 843,869 1,165,905 P 72.38%

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 exchangesai 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.

Duoyuan Global Water Inc. (NYSE: DGW), through its subsidiaries, engages in the manufacture and sale of water treatment equipment in the Peopleais Republic of China. Its product categories include circulating water treatment equipment, including electronic water conditioners, automatic filters, circulating water central processors, cyclone filters, and water softeners, which are used in the process of treating water and removing buildup in circulating water systems; water purification equipment that use ultraviolet, ozone, membrane-based, and electrodeionization technologies in the process of treating and purifying water for various applications and end-user customers, including residential communities and commercial businesses; and wastewater treatment equipment, including grit separators, microporous aerators, and belt-type thickener-filter press mono-block machines, which are used in the process of treating wastewater, such as municipal sewage, and industrial and agricultural wastewater. The companyais customers primarily consist of wastewater treatment plants, water works facilities, manufacturing plants, commercial businesses, residential communities, and individual customers. It sells its products through distributors. Duoyuan Global Water Inc. was founded in 1992 and is headquartered in Beijing, the Peopleais Republic of China.

Continental Resources, Inc. (NYSE: CLR) engages in the exploration, exploitation, and production of oil and natural gas properties primarily in the Rocky Mountain, Mid-Continent, and Gulf Coast regions of the United States. The company primarily sells its oil and natural gas production to end users, as well as to midstream marketing companies or oil refining companies at the lease. As of December 31, 2008, its estimated proved reserves were 159.3 million barrels of oil equivalent (MMBoe), with estimated proved developed reserves of 106.0 MMBoe. Continental Resources owned 1,114,445 net undeveloped and 399,825 net developed acres, as well as had interests in 2,192 wells and operated 1,657 of these wells. The company was founded in 1967 and is based in Enid, Oklahoma.

Taubman Centers, Inc. (NYSE: TCO) operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partnerais interest in The Taubman Realty Group Limited Partnership (the operating partnership). The operating partnership is a subsidiary that engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein. As of August 23, 2007, it owned and/or managed 23 urban and suburban shopping centers in 11 states the United States. These centers are located in metropolitan areas, including New York City, Los Angeles, San Francisco, Denver, Detroit, Phoenix, Miami, Dallas, Tampa, Orlando, and Washington, D.C. The operating partnership also owns certain regional retail shopping center development projects, as well as approximately 99% of The Taubman Company LLC, which manages the shopping centers and provides other services to the operating partnership and to the company. Taubman Centers qualifies as a REIT under the Internal Revenue Code. As a REIT, the company would not be subjected to federal income tax to the extent it distributes at least 90% of its taxable income to its shareholders. Taubman Centers was founded in 1950 by A. Alfred Taubman and is headquartered in Bloomfield Hills, Michigan.

Hovnanian Enterprises, Inc. (NYSE: HOV) engages in homebuilding and financial services businesses in the United States. The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes. It markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters. The company offers homes for sale in 284 communities in 44 markets in 18 states in the United States. It also provides various financial services, including originating mortgages from homebuyers, and title insurance activities. Hovnanian Enterprises was founded in 1959 and is headquartered in Red Bank, New Jersey.

Vodafone Group Plc (NYSE: VOD) provides mobile communications services in Europe, the Middle East, Africa, the Asia Pacific, and the United States. It offers voice services, such as mobile voice communications and voice roaming; messaging services, including text, picture, and video messaging on mobile devices; data services, such as email, mobile connectivity, Internet on mobile, and data roaming; and fixed broadband services, fixed voice and data solutions, mobile advertising, and business managed services. The company also provides various devices, such as handsets, mobile data cards, and mobile USB modems. As of March 31, 2009, it had 302 million proportionate customers. The company was formerly known as Vodafone AirTouch plc and changed its name to Vodafone Group Plc in July 2000. Vodafone Group Plc was founded in 1984 and is based in Newbury, the United Kingdom.

U.S. Bancorp (NYSE: USB) operates as the holding company for U.S. Bank National Association that provides various banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, and time certificates of deposit accounts. The company originates a portfolio of loans comprising commercial loans and lease financing; commercial real estate; residential mortgage; and retail loans, including credit card, retail leasing, home equity and second mortgages, and other retail loans. It also offers wholesale lending, equipment finance, small-ticket leasing, depository, treasury management, capital markets, foreign exchange, and international trade services to middle market, large corporate, commercial real estate, and public sector clients. In addition, U.S. Bancorp provides telebanking, online banking, direct mail, and automated teller machine services. The company, through other subsidiaries, provides trust, private banking, financial advisory, investment management, retail brokerage services, insurance, and custody and mutual fund services; and payment services, including consumer and business credit cards, stored-value cards, debit cards, corporate and purchasing card services, consumer lines of credit, ATM processing, and merchant processing. U.S. Bancorp primarily serves individuals, estates, foundations, business corporations, and charitable organizations. As of March 16, 2009, it operated 2,791 branches and 5,164 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.

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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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