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KGC, GG, KEY, TXT, CA, KO With Highest Daily Short Volume On NYSE Wednesday

^{Published on 2009-09-03 07:52:53, Last Modified on 2010-12-22 14:42:46 - WOPRAI}
 

September 3, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Wednesday, September 2nd, 2009 and come to the following statistical conclusions. There were 6,394 stocks with daily short volume reported and total NYSE trading volume of 1,231,057,984 shares. Total Daily Short Volume was 588,086,247 shares. 47.8% of all trading on the NYSE Wednesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Kinross Gold (NYSE: KGC), Goldcorp (NYSE: GG), KeyCorp (NYSE: KEY), Textron (NYSE: TXT), CA, Inc. (NYSE: CA) and Coca-Cola (NYSE: KO). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090902 KGC 1,774,036 2,658,774 P 66.72%

20090902 GG 1,623,025 2,842,403 P 57.10%

20090902 KEY 1,347,012 2,466,025 P 54.62%

20090902 TXT 1,275,286 3,074,423 P 41.48%

20090902 CA 1,237,975 3,382,293 P 36.60%

20090902 KO 1,203,953 2,221,664 P 54.19%

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.

Kinross Gold Corporation (NYSE: KGC), through its subsidiaries, engages in the gold mining and related activities. The company also engages in the exploration for and acquisition of gold-bearing properties, the extraction and processing of gold-containing ores, and reclamation of gold mining properties. Its gold production and exploration activities are carried out principally in the United States, Brazil, Chile, Ecuador, and the Russian Federation. As of December 31, 2008, its proven and probable mineral reserves were 45.6 million ounces of gold and 105.8 million ounces of silver. The company was founded in 1972 and is based in Toronto, Canada.

Goldcorp Inc. (NYSE: GG), together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and central and South America. It explores primarily for gold, silver, copper, lead, and zinc ores. The company was founded in 1954 and is headquartered in Vancouver, Canada.

KeyCorp (NYSE: KEY) operates as the holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company offers various deposit and loan products. Its deposit product portfolio includes NOW accounts, money market deposit accounts, savings deposits, certificates of deposit, and time deposits. The companya�s loan product line comprises commercial, financial, and agricultural loans; commercial real estate loans, including commercial mortgage and construction loans; residential real estate loans; and consumer loans. It also offers personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, international banking services, and investment management services. In addition, the company provides accident, health, and credit-life insurance services; community development financing; securities underwriting and brokerage; and merchant services. As of December 31, 2008, it operated 986 full-service retail banking branches in 14 states and a network of 1,478 automated teller machines in 16 states. The company was founded in 1849 and is headquartered in Cleveland, Ohio.

Textron, Inc. (NYSE: TXT) operates in the aircraft, industrial, and finance businesses worldwide. It operates through five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The Cessna segment manufactures general aviation aircraft, such as business jets, single engine turboprops, and single engine piston aircraft, as well as provides aftermarket services. The Bell segment manufactures and supplies helicopters, tiltrotor aircraft, and helicopter-related spare parts and services for both military and commercial applications. The Textron Systems segment produces precision weapons; airborne and ground-based surveillance systems; intelligence and situational awareness software; armored vehicles and turrets; reciprocating piston aircraft engines; and aircraft and missile control actuators, valves, and related components for the defense, aerospace, and general aviation markets. The Industrial segment develops and manufactures blow-molded fuel systems cars, light trucks, all-terrain vehicles and watercraft, and windshield and headlamp washer systems; produces metal fuel fillers and engine camshafts for the automotive market; and bottles and plastic containers for food, household, laboratory and industrial uses. It also manufactures powered equipment, electrical test and measurement instruments, hand and hydraulic powered tools, and electrical and fiber optic connectors; golf cars and off-road utility vehicles powered by electric and internal combustion engines; and turf-maintenance equipment and turf-care vehicles. The Finance segment provides aircraft finance, asset-based lending, distribution finance, golf finance, resort finance, and structured capital. The company sells its products through a network of sales representatives, distributors, and authorized independent sales representatives, as well as directly to end users, home improvement retailers, and original equipment manufacturers. Textron was founded in 1923 and is based in Providence, the Rhode Island.

CA, Inc. (NYSE: CA), together with its subsidiaries, engages in the design, development, marketing, licensing, and support of information technology (IT) management software products that operate on a range of hardware platforms and operating systems. The company has a portfolio of software products and services that address its customersa� needs for mainframe and distributed environments, spanning IT governance, IT management, and IT security. It focuses on various areas that include infrastructure management, project and portfolio management, security management, service management, application performance management, and data center automation and virtualization. CA, Inc. offers Enterprise IT Management (EITM) software for organizations to manage IT in computing environments, which include people, information, processes, systems, networks, and applications, as well as databases from a Web service to the mainframe to a virtualized cloud, regardless of the hardware or software customers they are using. The company licenses its products principally to IT service providers, financial services companies, governmental agencies, retailers, manufacturers, educational institutions, and healthcare institutions worldwide through direct sales force, as well as indirectly through systems integrators, managed service providers, technology partners, EITM value-added resellers, original equipment manufacturers, and distribution and volume partners. CA, Inc. was founded in 1974 and is headquartered in Islandia, New York.

The Coca-Cola Company (NYSE: KO) manufactures, distributes, and markets nonalcoholic beverage concentrates and syrups worldwide. It principally offers sparkling and still beverages. The companya�s sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as energy drinks, and carbonated waters and flavored waters. Its still beverages consist of nonalcoholic beverages without carbonation, including non-carbonated waters, flavored waters and enhanced waters, juices and juice drinks, teas, coffees, and sports drinks. The Coca-Cola Company also offers fountain syrups, syrups, and concentrates, such as flavoring ingredients and sweeteners. The company markets its nonalcoholic beverages under the Coca-Cola, Diet Coke, Fanta, and Sprite brand names. The Coca-Cola Company also owns mineral water brands Kildevaeld and Kurvand in Denmark and soft drink brand Hyvaa Paivaa in Finland. It sells its finished beverage products primarily to distributors, and beverage concentrates and syrups to bottling and canning operators, distributors, fountain wholesalers, and fountain retailers. The company was founded in 1886 and is headquartered in Atlanta, Georgia.

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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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