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KFT, HL, CBE, XOM, PEP, FCX With Highest Daily Short Volume On NYSE Tuesday

^{Published on 2009-09-08 16:19:23, Last Modified on 2010-12-22 14:43:35 - WOPRAI}
 

September 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, September 8th, 2009 and come to the following statistical conclusions. There were 6,428 stocks with daily short volume reported and total NYSE trading volume of 1,113,519,896 shares. Total Daily Short Volume was 537,068,398 shares. 48.2% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume on Tuesday. Kraft Foods (NYSE: KFT), Hecla Mining (NYSE: HL), Cooper Industries (NYSE: CBE), Exxon Mobil (NYSE: XOM), Pepsico (NYSE: PEP) and Freeport-McMoRan (NYSE: FCX). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090908 KFT 2,283,672 4,779,777 P 47.78%

20090908 HL 2,170,193 3,692,807 P 58.77%

20090908 CBE 1,487,764 2,389,383 P 62.27%

20090908 XOM 1,418,635 2,310,871 P 61.39%

20090908 PEP 1,137,816 1,872,900 P 60.75%

20090908 FCX 1,109,780 2,240,894 P 49.52%

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.

Kraft Foods Inc. (NYSE: KFT), together with its subsidiaries, manufactures and markets packaged food products and grocery products worldwide. The company offers snacks, including cookies, crackers, salted snacks, and chocolate confectionary; beverages, including coffee, packaged juice drinks, and powdered beverages; cheese, including natural, process, and cream cheeses; and grocery, including spoonable and pourable dressings, condiments, and desserts. It also offers convenient meals, including primarily frozen pizza, packaged dinners, lunch combinations, and processed meats. Kraft Foods markets its products under various brand names, primarily including Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Maxwell House and Jacobs coffee; Nabisco cookies and crackers and its Oreo cookie brand; Milka chocolates; and LU biscuits. It sells its products to supermarket chains, wholesalers, super centers, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets. The company was founded in 2000 and is based in Northfield, Illinois. Kraft Foods Inc. operates independently of Altria Group Inc. as of March 30, 2007.

Hecla Mining Company (NYSE: HL) engages in the discovery, acquisition, development, production, and marketing of silver, gold, lead, and zinc. It owns a 100% interest in the Lucky Friday unit located in northern Idaho; a 100% interest in the Greens Creek unit located on Admiralty Island, near Juneau, Alaska; and a 100% interest in the San Sebastian unit in the state of Durango, Mexico. The company produces and sells lead, zinc, and bulk concentrates for custom smelters on contract; and unrefined silver and gold bullion bars for precious metals traders. Hecla Mining Company was founded in 1891 and is headquartered in Coeur daiAlene, Idaho.

Cooper Industries, Ltd. (NYSE: CBE) engages in the manufacture and sale of electrical products and tools in the United States and internationally. The company operates in two segments, Electrical Products and Tools. The Electrical Products segment manufactures, markets, and sells electrical and circuit protection products, including fittings, support systems, enclosures, wiring devices, plugs, receptacles, lighting fixtures and controls, hazardous duty electrical equipment, explosion proof instrumentation, fuses, emergency lighting systems, fire detection and mass notification systems, and security products for use in residential, commercial and industrial construction, maintenance, and repair applications. It also offers distribution switchgear, transformers, transformer terminations and accessories, capacitors, voltage regulators, surge arresters, and other related power systems components for use by utilities and for electrical power transmission and distribution. The Tools segment manufactures, markets, and sells hand tools for industrial, construction, electronics, and consumer markets; automated assembly systems for industrial markets; and electric and pneumatic industrial power tools, and related electronics and software control and monitoring systems for general industry, primarily automotive and aerospace manufacturers. The company sells its products through distributors, wholesalers, and agents, as well as directly to original equipment manufacturers, home centers, specialty stores, department stores, mass merchandisers, and hardware outlets. Cooper Industries was founded in 1833 and is based in Houston, Texas.

Exxon Mobil Corporation (NYSE: XOM) engages in the exploration, production, transportation, and sale of crude oil and natural gas. The company also engages in the manufacture of petroleum products, and transportation and sale of crude oil, natural gas, and petroleum products. It manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and other specialty products. The company also has interests in electric power generation facilities. As of December 31, 2008, it operated 16,286 gross wells. Exxon Mobil Corporation primarily operates in the United States, Canada, Europe, Africa, the Asia Pacific, the Middle East, Russia/Caspian region, and South America. The company was formerly known as Exxon Corporation and changed its name to Exxon Mobil Corporation in November 1999. Exxon Mobil Corporation was founded in 1870 and is based in Irving, Texas.

PepsiCo, Inc. (NYSE: PEP) manufactures, markets, and sells various snacks, carbonated and non-carbonated beverages, and foods worldwide. Its PepsiCo Americas Foods unit offers salty and sweet snacks comprising Layais potato chips, Doritos tortilla chips, Cheetos cheese flavored snacks, Tostitos tortilla chips, branded dips, Fritos corn chips, Ruffles potato chips, Quaker Chewy granola bars, SunChips multigrain snacks, Rold Gold pretzels, Santitas tortilla chips, Frito-Lay nuts, Grandmaais cookies, Gamesa cookies, Munchies snack mix, Funyuns onion flavored rings, Quaker Quakes corn and rice snacks, Sabritas snacks, Miss Vickieais potato chips, Stacyais pita chips, Smartfood popcorn, Chesterais fries, and branded crackers. This unit also provides cereals, rice, pasta, and other branded products, including Quaker oatmeal, Aunt Jemima mixes and syrups, Quaker grits, Capain Crunch cereal, Life cereal, Rice-A-Roni, Pasta Roni, and Near East side dishes. The companyais PepsiCo Americas Beverages unit sells beverage concentrates, fountain syrups, and finished goods under the Pepsi, Mountain Dew, Gatorade, 7UP, Tropicana Pure Premium, Sierra Mist, Mirinda, Tropicana juice drinks, Propel, Dole, Amp Energy, SoBe Lifewater, Naked juice, and Izze beverage names. This unit also offers ready-to-drink tea, coffee, and water products through joint ventures with Unilever and Starbucks, as well as licenses the Aquafina water brand to its bottlers. The companyais PepsiCo International unit offers salty and sweet snack brands, including Layais, Walkers, Doritos, Cheetos, Ruffles, and Smithais; Quaker brand cereals and snacks; and beverage concentrates, fountain syrups, and finished goods under the Pepsi, Mirinda, Mountain Dew, 7UP, and Tropicana names. PepsiCo, Inc. distributes its products through direct-store-delivery, customer warehouse, and food service and vending distribution networks. The company was founded in 1898 and is headquartered in Purchase, New York.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) engages in the exploration, mining, and production of mineral resources. It primarily focuses on copper, gold, silver, cobalt, and molybdenum deposits. The companyais portfolio of assets includes the Grasberg minerals district in Indonesia; mining operations in North and South America; and the Tenke Fungurume development project in the Democratic Republic of Congo. As of December 31, 2008, its consolidated recoverable proven and probable reserves included 102.0 billion pounds of copper, 40.0 million ounces of gold, 2.48 billion pounds of molybdenum, 266.6 million ounces of silver, and 0.7 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.

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