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OMTR, MRVL, LVLT, FLEX, MESA, ACAS With Highest Daily Short Volume On NASDAQ Wednesday

^{Published on 2009-09-17 09:25:46, Last Modified on 2010-12-22 14:44:48 - WOPRAI}
 

September 17, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, September 16th, 2009 and come to the following statistical conclusions. There were 6,769 stocks with daily short volume reported and total NASDAQ trading volume of 2,078,016,956 shares. Total Daily Short Volume was 1,060,132,464 shares. 51.01% of all trading on the NASDAQ Wednesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Omniture (NASDAQ: OMTR), Marvell Technology Group (NASDAQ: MRVL), Level 3 Communications (NASDAQ: LVLT), Flextronics International (NASDAQ: FLEX), Mesa Air Group (NASDAQ: MESA) and American Capital (NASDAQ: ACAS). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090916 OMTR 4,979,536 9,817,273 Q 50.72%

20090916 MRVL 3,500,238 5,029,109 Q 69.60%

20090916 LVLT 3,467,800 8,006,345 Q 43.31%

20090916 FLEX 2,713,747 5,779,922 Q 46.95%

20090916 MESA 2,530,086 5,924,378 Q 42.71%

20090916 ACAS 2,467,832 5,784,816 Q 42.66%

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 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.

Omniture, Inc. (NASDAQ: OMTR) provides online business optimization products and services through the Omniture Online Marketing Suite. The company hosts and delivers Omniture Online Marketing Suite, as an on-demand solution, as well as an on-premise solution that consists of Open Business Analytics Platform and integrated set of optimization applications for online analytics, channel analytics, visitor acquisition, and conversion. Its Open Business Analytics Platform includes the Omniture DataWarehouse, which contains the information captured by Omniture SiteCatalyst. This platform also includes the Omniture Genesis application programming interfaces to integrate and augment this data with relevant data from Internet and enterprise applications, as well as from online and offline channels. The companyais online analytics applications consist of Omniture SiteCatalyst and Omniture Discover; channel analytics applications comprise Omniture Discover OnPremise and Omniture Discover OnPremise for Retail; visitor acquisition application includes Omniture SearchCenter; and conversion applications comprise Omniture Test&Target, Omniture Recommendations, Omniture SiteSearch, Omniture Survey, and Omniture Merchandising. These services enable the companyais customers to capture, store, and analyze information generated by their Web sites and other sources, as well as to secure critical business insights into the performance and efficiency of marketing and sales initiatives, and other business processes. Its services also provide customers with real-time access to online business information; generate flexible reports, using real-time and historical data; and the facility to measure, automate, and optimize critical online processes. Omniture, Inc. sells its services through direct and indirect sales channels worldwide. The company was formerly known as MyComputer.com, Inc. and changed its name to Omniture, Inc. in 2002. Omniture, Inc. was founded in 1996 and is based in Orem, Utah.

Marvell Technology Group Ltd. (NASDAQ: MRVL) designs, develops, and markets analog, mixed-signal, and digital signal processing and embedded microprocessor integrated circuits. The company offers storage products, including read channel, hard disk controller, system-on-a-chip solution, and tape drive controllers for hard disk drives, tape drive electronics, optical disk drives, solid-state flash drives, and storage subsystems technology; and switching products, which include Prestera switch family, Link Street multi-port integrated switch family, and Link Street gateway products. It also provides communications controller and embedded processor products, such as Discovery Innovation, Discovery system controllers, Horizon WAN communication controllers, Kirkwood embedded processor, and Orion embedded processor used in routers, switches, digital subscriber line access multiplexers, access concentrators, wireless base stations, VoIP gateways, and storage area networks; and enterprise transceiver and PC connectivity products, including Alaska and Alaska X 10 Gigabit Ethernet transceiver families, and Yukon Gigabit Ethernet PC connectivity products. In addition, the company offers cellular and handheld products that include communications processors, applications processors, and ecosystem partners; wireless products, such as Libertas wireless LAN family; personal area networking products, including bluetooth wireless networking family; printing ASIC products; and digital video processing products. It also provides power management and green technology products, including DSP switcher integrated regulators, DSP switcher integrated regulator modules, and digital PFC controllers. Marvell serves business enterprise, consumer electronics, and emerging markets primarily in the United States, Israel, Singapore, Germany, Canada, China, Hong Kong, India, Italy, Japan, Korea, Malaysia, Switzerland, Taiwan, and the United Kingdom. The company was founded in 1995 and is based in Hamilton, Bermuda.

Level 3 Communications, Inc. (NASDAQ: LVLT) engages in the communications business in North America and Europe. It offers network and Internet services, including transport services, high speed Internet protocol services, dedicated Internet access, virtual private network services, and dark fiber services; and colocation services. The companyais content distribution products and services comprise content delivery network, media delivery services, and fiber optic and satellite video transport services. Its switched services include VoIP Enhanced Local that launches IP-based local and long-distance voice services to residential and business customers; Local Inbound service that terminates traditional telephone network originated calls to Internet Protocol termination points; E-911 Direct comprising a fixed-location solution with network connections to public safety answering points and a solution for nomadic voice over IP providers; and One Plus, an automatic number identification based and carrier identification code based service, as well as a dedicated end-user service. Its switched services also comprise enterprise local and long distance voice services, including PSTN connectivity for customer telephone equipment; telephone numbers; standard services that comprise operator services, directory assistance, and 911 services; and long-distance access services. The companyais switched services also include enterprise toll-free services; voice termination services; toll free services; and managed modem, an outsourced, turn-key infrastructure solution. As of December 31, 2008, its network encompassed approximately 67,000 intercity route miles in North America and an intercity network covering approximately 10,000 miles across Europe. Further, it sells coal primarily through long-term contracts with public utilities. The company was founded in 1884 and is headquartered in Broomfield, Colorado.

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 companyais 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.

Mesa Air Group, Inc., 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.

American Capital, Ltd. (NASDAQ: ACAS), formerly known as American Capital Strategies, Ltd., is a private equity and venture capital firm specializing in management and employee private equity buyouts, acquisitions, recapitalizations, mergers and acquisition, add-on acquisitions, securitizations, special situations, growth capital investments in middle market companies, early stage in mature private and public companies, corporate divestitures, acquisitions of portfolio companies of private equity firms, acquisitions of family-owned or closely held businesses, change of control, or the exit of minority shareholders, going private transactions, and ownership transitions. The Special Situations Group invests in troubled and distressed situations including operational turnarounds, auctions, corporate and orphan carve-outs, portfolio add-ons, complex management buyouts and provides financing for DIP, exit, mezzanine for sponsored buyouts, second lien refinance, and direct lending to distressed companies. It prefers to invest in manufacturing, services, and distribution companies. The firm also makes investments in companies that provide services or products to federal, state, or local governments, focusing on information technology for custom information technology solutions, technology and software enabling headcount reduction, technology and software enabling cost reductions in conducting transactions with or within government. American Capital, Ltd. was founded in 1986 and is based in Bethesda, Maryland with ten additional offices in the U.S., Europe, and Asia.

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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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