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ORCL, NVDA, FITB, FLEX, QCOM, QLGC With Highest Daily Short Volume On NASDAQ Yesterday

^{Published on 2009-08-30 12:56:52, Last Modified on 2010-12-22 14:42:07 - WOPRAI}
 

August 31, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, August 28th, 2009 and come to the following statistical conclusions. There were 6,619 stocks with daily short volume reported and total NASDAQ trading volume of 1,740,050,478 shares. Total Daily Short Volume was 888,154,674 shares. 51.04% of all trading on the NASDAQ Friday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Oracle (NASDAQ: ORCL), NVIDIA Corp (NASDAQ: NVDA), Fifth Third Bancorp (NASDAQ: FITB), Flextronics International (NASDAQ: FLEX), Qualcomm (NASDAQ: QCOM) and QLogic Corp (NASDAQ: QLGC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090828 ORCL 3,725,119 7,207,451 Q 51.68%

20090828 NVDA 3,482,694 6,035,926 Q 57.70%

20090828 FITB 3,182,350 4,932,299 Q 64.52%

20090828 FLEX 2,657,995 4,411,614 Q 60.25%

20090828 QCOM 2,311,828 4,571,111 Q 50.57%

20090828 QLGC 2,271,141 4,037,438 Q 56.25%

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.

Oracle Corporation (NASDAQ: ORCL), an enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software worldwide. The companya�s New Software Licenses segment provides licenses for database and middleware software, including database management, application server, business intelligence, identification and access management, content management, portal and user interaction, data integration, and development tools; and applications software that offers enterprise information for customer relationship management, financials, human resources, maintenance management, manufacturing, marketing, order fulfillment, product lifecycle management, enterprise project portfolio management, procurement, sales, services, enterprise resource planning, and supply chain planning. Its Software License Updates and Products Support segment offers rights to unspecified software product upgrades and maintenance releases, and Internet access to technical content, as well as Internet and telephone access to technical support personnel. The companya�s Consulting segment provides services in the areas of business strategy and analysis, business process simplification, and solutions integration, and the upgrade of software products. Its On Demand segment offers software and hardware management, and maintenance services for its software products; and lifecycle management services, database and application management services, industry-specific solution support centers, and remote and on-site expert services. The companya�s Education segment provides instructor-led, media-based, and Internet-based training in the use of software products. It distributes its products and services to resellers, system integrators/implementers, consultants, education providers, Internet service providers, network integrators, and independent software vendors. The company was founded in 1977 and is headquartered in Redwood City, California.

NVIDIA Corporation (NASDAQ: NVDA) provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices. It operates in four segments: Graphic Processing Unit (GPU), Professional Solutions Business (PSB), Media and Communications Processor (MCP), and Consumer Products Business (CPB). The GPU segment comprises products that support desktop and notebook personal computers, and memory products. The PSB segment offers professional workstation products and other professional graphics products, including high-performance computing products. The MCP segment consists of NVIDIA nForce core logic and motherboard GPU products. The CPB segment provides mobile brands and products that support handheld personal media players, personal digital assistants, cellular phones, and other handheld devices. This segment also licenses video game consoles and other digital consumer electronics devices. NVIDIA markets its products to original equipment manufacturers, original design manufacturers, add-in-card manufacturers, system builders, and consumer electronics companies worldwide. The company was founded in 1993 and is headquartered in Santa Clara, California.

Fifth Third Bancorp (NASDAQ: FITB) operates as a diversified financial services holding company. The companys Commercial Banking segment offers banking, cash management, and financial services; traditional lending and depository products and services; other services, including foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan, and lease products to individuals and corporations. Its products include checking and savings accounts, home equity loans and lines of credit, and credit cards and loans for automobile and personal financing needs. The companya�s Consumer Lending segment involves in mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans; other indirect lending activities, which include loans to consumers through mortgage brokers, automobile dealers, and federal and private student education loans. Its Investment Advisors segment offers a range of investment alternatives for individuals, companies, and not-for-profit organizations. This segment also offers investment, trust, asset management, retirement planning, and custody services, as well as retail brokerage services to individual clients and broker dealer services to the institutional marketplace. Its Fifth Third Processing Solutions segment offers electronic funds transfer, debit, credit, and merchant transaction processing services; and data processing services. As of December 31, 2008, Fifth Third Bancorp operated 1,307 full-service banking centers, including 92 Bank Mart locations and 2,341 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, and Georgia. The company was founded in 1862 and is headquartered in Cincinnati, Ohio.

Flextronics International Ltd. (NASDAQ: FLEX) provides vertically-integrated advanced design and electronics manufacturing services to original equipment manufacturers of a range of products in infrastructure, mobile communication devices, computing, consumer digital devices, industrial, semiconductor, white goods, automotive, marine, aerospace, and medical devices markets. The companya�s services include printed circuit board (PCB) and flexible circuit fabrication; systems assembly and manufacturing, such as enclosures, testing services, and materials procurement and inventory management; and design and engineering services comprise interface and industrial design, mechanical engineering and tooling design, electronic system design, and PCB design. It also offers original design manufacturing services; components design and manufacturing for display solutions, optomechatronics, and power supplies, as well as thin film transistor display modules for mobile phones, industrial and commercial cameras, MP3 players, and digital cameras; and reverse logistics and repair services. In addition, the company provides forward logistics solutions, including supplier managed inventory, inbound freight management, build/configure to order, order fulfillment and distribution, supply chain network design, and collaborative control tower; and after-sales services, such as product repair, re-manufacturing, and maintenance. Its services help its customers in Asia, the Americas, and Europe to design, build, ship, and service electronics products. Flextronics International Ltd. was founded in 1990 and is based in Singapore, Singapore.

QUALCOMM Incorporated (NASDAQ: QCOM) designs, manufactures, and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The company operates in four segments: Qualcomm code division multiple access technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless and Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies CDMA-based integrated circuits and system software for wireless voice and data communications and multimedia functions, as well as global positioning system products used in wireless devices, including mobile phones, data cards, and infrastructure equipment. QTL segment grants licenses to use portions of its intellectual property portfolio comprising patent rights useful in the manufacture and sale of certain wireless products, such as products implementing cdmaOne, CDMA2000, WCDMA, CDMA TDD, and/or OFDMA standards and their derivatives. QWI segment sells equipment, software, and services used by transportation and other companies to connect wirelessly with their assets, products, and workforce; and products that operate on the Globalstar low-Earth-orbit satellite-based telecommunications system. It also provides BREW-based products that include user interface, and content delivery and management products and services for the wireless industry; QChat that enables instantaneous push-to-talk functionality on CDMA-based wireless devices; development, hardware, and analytical expertise involving wireless communications technologies to United States government agencies; and an application embedded on select wireless devices, which enables financial institutions and merchants to deliver branded services to consumers through the mobile devices. QSI segment makes strategic investments to promote the worldwide adoption of CDMA-based products and services. The company was founded in 1985 and is based in San Diego, California.

QLogic Corporation (NASDAQ: QLGC) engages in the design and supply of storage networking, server networking, data networking, and converged networking infrastructure solutions. It offers various host products, including fibre channel and Internet small computer systems interface (iSCSI) host bus adapters; InfiniBand host channel adapters; and fibre channel over Ethernet (FCoE) converged network adapters. The company also provides network products, such as fibre channel switches, including stackable edge, blade, and virtualized pass through switches; InfiniBand switches, including multi-protocol directors and edge switches; and storage routers for bridging fibre channel and iSCSI networks. In addition, it offers silicon products comprising fibre channel controllers, iSCSI controllers, and converged network controllers for embedded and target applications, as well as Ethernet adapters and controllers. Further, the company engages in the design and development of application-specific integrated circuits, adapters, and switches based on fibre channel, iSCSI, FCoE, and Ethernet technologies. Its products are used in server, workstation, and storage subsystem solutions that are used by small, medium, and large enterprises with business data requirements. The company sells its solutions to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is based in Aliso Viejo, California.

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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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