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ETFC, SQNM, ATVI, SYMC, HBAN, MESA With Highest Daily Short Volume On NASDAQ Yesterday

^{Published on 2009-08-31 15:58:41, Last Modified on 2010-12-22 14:42:27 - WOPRAI}
 

September 1, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Monday, August 31st, 2009 and come to the following statistical conclusions. There were 6,709 stocks with daily short volume reported and total NASDAQ trading volume of 1,586,749,500 shares. Total Daily Short Volume was 772,337,291 shares. 48.67% of all trading on the NASDAQ Monday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. eTrade Financial (NASDAQ: ETFC), Sequenom (NASDAQ: SQNM), Activision Blizzard (NASDAQ: ATVI), Symantec (NASDAQ: SYMC), Huntington Bancshares (NASDAQ: HBAN) and Mesa Air Group (NASDAQ: MESA). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090831 ETFC 23,292,213 49,183,804 Q 47.36%

20090831 SQNM 3,480,053 7,710,387 Q 45.13%

20090831 ATVI 3,043,351 6,282,934 Q 48.44%

20090831 SYMC 2,318,249 5,665,452 Q 40.92%

20090831 HBAN 1,739,283 2,919,734 Q 59.57%

20090831 MESA 1,648,472 3,458,846 Q 47.66%

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.

E*TRADE Financial Corporation (NASDAQ: ETFC), through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of E*TRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds. The company also provides quick transfer, wireless account access, extended hours trading, quotes, research, and advanced planning tools. Its banking products and services include checking, savings, sweep, money market, and certificates of deposit products. E*TRADE Financial primarily provides its services through its Web site at etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.

Sequenom, Inc. (NASDAQ: SQNM) provides products, services, diagnostic testing, applications, and genetic analysis products that translate genomic science into solutions for biomedical research, translational research, molecular medicine, and agricultural and livestock applications. It offers MassARRAY system, a high performance nucleic acid analysis platform that measures genetic target material and variations. The company offers its MassARRAY system for various DNA/RNA analysis applications, including single nucleotide polymorphism (SNP), genotyping detection of mutations, analysis of copy number variants, and other structural genome variations, as well as quantitative gene expression analysis, quantitative methylation marker analysis, comparative sequence analysis of haploid organisms, SNP discovery, and oligonucleotide quality control. Sequenom also provides the iPLEX multiplexing assay reagents and chips, which permits multiplexed SNP analysis using a similar amount of reagents and chip surface area. In addition, the company engages in the research, development, and the commercialization of various non-invasive molecular diagnostic tests for prenatal genetic disorders and diseases, oncology, and infectious diseases. It offers its products through direct sales and support personnel to clinical research laboratories, bio-agriculture, bio-technology and pharmaceutical companies, academic institutions, and government agencies worldwide. Sequenom has a collaboration agreement with the Immune Tolerance Institute to develop an advanced newborn screening test for severe combined immunodeficiency. The company was founded in 1994 and is headquartered in San Diego, California with additional offices in Queensland, Australia; Beijing, China; and Newton, Massachusetts.

Activision Blizzard, Inc. (NASDAQ: ATVI), through its subsidiaries, publishes online, personal computer (PC), console, and hand-held games worldwide. The company develops and publishes video games, as well as maintains its proprietary online-game related service, Battle.net. It also publishes interactive software products and peripherals internationally. The companya�s products cover various game categories, including action/adventure, action sports, racing, role-playing, simulation, first-person action, music, and strategy. Its products include Guitar Hero, Call of Duty, Tony Hawk, Spider-Man, X-Men, James Bond, and Transformers, as well as Diablo, StarCraft, Warcraft, and World of Warcraft. The company is based in Santa Monica, California. Activision Blizzard, Inc. is a subsidiary of Vivendi S.A.

Symantec Corporation (NASDAQ: SYMC) provides security, storage, and systems management solutions to secure and manage information. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. The Consumer segment provides consumer security software suites and services, which include Internet security, PC tuneup, and backup for individual users and home offices. The Security and Compliance segment provides solutions for enterprise security, endpoint management, and archiving applications. The Storage and Server Management segment focuses on providing storage management, high availability, and backup and recovery solutions in heterogeneous storage and server platforms to enterprise customers. The Services segment offers consulting services, which include advisory, product enablement, and residency services to enable customers to assess, design, transform, and operate their infrastructure; education services, including programs on technical training and security awareness training; and business critical services. This segment also provides managed security services and software-as-a-service offerings. In addition, it offers maintenance support contracts, including content, upgrades, and technical support to enterprises; and self-help online services, phone, chat, email support, and fee-based premium support and diagnostic services to consumers. The company markets and sells its products through distributors, retailers, direct marketers, Internet-based resellers, original equipment manufacturers, system builders, and Internet service providers; and its e-commerce channels, as well as direct sales force, value-added and large account resellers, and system integrators. It has operations in the Americas, which includes the United States, Canada, and Latin America; EMEA that comprise Europe, the Middle East, and Africa; and the Asia Pacific-Japan. Symantec Corporation was founded in 1982 and is headquartered in Cupertino, California.

Huntington Bancshares Incorporated (NASDAQ: HBAN) operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services. It offers deposit products, including checking accounts, savings accounts, interest bearing and non-interest bearing demand deposits, time deposits, money market deposits, and brokered deposits and negotiable certificates of deposits. The companya�s lending portfolio comprises home equity loans and lines of credit, first mortgage loans, direct installment loans, small business loans, automobile loans and leases, residential mortgage loans, commercial and industrial loans and leases, and commercial real estate loans. In addition, the company provides retail and commercial insurance agency services; and an array of insurance products, including individual life insurance products, such as basic term-life insurance, estate planning, group life and health insurance, property and casualty insurance, mortgage title insurance, and reinsurance for payment protection products. Further, it offers trust, asset management, investment advisory, brokerage, and private banking products and services; investment banking, sales and trading of securities, mezzanine capital financing, and interest rate risk management products for corporate and institutional customers; and investment management and custodial services. Additionally, Huntington Bancshares provides mortgage banking, equipment leasing, and other financial products and services; and Internet banking and telephone banking services. As of December 31, 2008, the company operated 345 banking offices in Ohio, 115 in Michigan, 57 in Pennsylvania, 51 in Indiana, 28 in West Virginia, and 13 banking offices in Kentucky, as well as 4 private banking offices in Florida, 1 foreign office in the Cayman Islands, and 1 foreign office in Hong Kong. It also operated approximately 1,400 automated teller machines. The company was founded in 1866 and is headquartered in Columbus, Ohio.

Mesa Air Group, Inc.(NASDAQ: MESA), through its subsidiaries, provides scheduled passenger and airfreight services. The company carries passengers, as well as freight and express packages on its passenger flights. It also has interlined small cargo freight agreements with various other carriers. In addition, the company contracts with the U.S. Postal Service for carriage of mail to the cities it serves. Further, it occasionally operates charter flights. As of September 30, 2008, the company operated a fleet of 159 aircraft with approximately 800 daily departures to 124 cities in the United states, the District of Columbia, Canada, and Mexico. Mesa Air Group was founded in 1980 and is headquartered in Phoenix, Arizona.

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