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46.19% Of All NYSE Trading Tuesday Was Short Selling. VOD, RAS, REP, PNM, KMT, GAP Highest % Of Daily Trading Volume Short

^{Published on 2009-09-22 16:25:03, Last Modified on 2010-12-22 14:46:20 - WOPRAI}
 

September 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, September 22nd, 2009 and come to the following statistical conclusions. There were 6,493 stocks with daily short volume reported and total NYSE trading volume of 1,113,399,058 shares. Total Daily Short Volume was 514,272,413 shares. 46.19% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Vodafone Group (NYSE: VOD), RAIT Financial Trust (NYSE: RAS), Repsol YPF (NYSE: REP), PNM Resources (NYSE: PNM), Kennametal (NYSE: KMT) and Great Atlantic and Pacific Tea Co. (NYSE: GAP). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090922 VOD 874,665 1,015,411 P 86.14%

20090922 RAS 89,887 114,033 P 78.83%

20090922 REP 89,568 115,784 P 77.36%

20090922 PNM 93,099 121,623 P 76.55%

20090922 KMT 66,775 87,433 P 76.37%

20090922 GAP 240,708 315,875 P 76.20%

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.

Vodafone Group Plc (NYSE: VOD) provides mobile communications services in Europe, the Middle East, Africa, the Asia Pacific, and the United States. It offers voice services, such as mobile voice communications and voice roaming; messaging services, including text, picture, and video messaging on mobile devices; data services, such as email, mobile connectivity, Internet on mobile, and data roaming; and fixed broadband services, fixed voice and data solutions, mobile advertising, and business managed services. The company also provides various devices, such as handsets, mobile data cards, and mobile USB modems. As of March 31, 2009, it had 302 million proportionate customers. The company was formerly known as Vodafone AirTouch plc and changed its name to Vodafone Group Plc in July 2000. Vodafone Group Plc was founded in 1984 and is based in Newbury, the United Kingdom.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT) in the United States and Europe. The company, through its subsidiaries, provides a set of debt financing options to the real estate industry; and invests in real estate related assets. It manages and invests various assets, including commercial mortgages, mezzanine loans, and other loans; trust preferred securities and subordinated debentures; residential mortgage loans; and mortgaged-backed securities, including residential mortgage-backed securities, commercial mortgage-backed securities, unsecured REIT notes, and other real estate-related debt securities. The company also invests in real estate interests in entities that own real estate. RAIT Financial Trust qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. RAIT Investment Trust was founded in 1997 and is based in Philadelphia, Pennsylvania.

Repsol YPF SA (NYSE: REP) operates as an integrated oil and gas company in Spain and internationally. The company engages in the exploration and production of crude oil and natural gas; refining and marketing of oil products; and supply, storage, transportation, distribution, and marketing of natural gas. It also participates in gas-fired power generation and marketing projects. The company offers asphaltic and polymer modified bitumens, synthetic pigmented binders, special and industrial bitumens, emulsions, and bitumens with rubber; aviation fuel to commercial airlines; car care products, including antifreezes, brake fluids, car-interior cleaners, multi-purpose products, windscreen cleaners, and bodywork shampoos; and butane, propane, and liquid petroleum gas products. It also provides base petrochemicals, industrial and intermediate products, and polyolefins, as well as EBA, EVA, HDPE, LDPE, and PP and PP compounds for adhesives, agriculture, cables, special containers, water proofing, piping, and glycols applications; bio fuels and fuel oils; gas oils; and automotive, industrial, marine, and grease lubricants under Repsol, CS, Campsa, and Petronor brand names. In addition, the company offers petroleum and oil coke products for the cement and ceramic industries, and electrical companies. Further, it offers petrols; and general use waxes, process aids, paraffin emulsions, solvents, lubricant bases, ammonium sulphate, petroleum jelly and sulphur, recarburizing coke, isobutane and propellants, and fill and cable protection products, as well as waxes for rubber, paper, and cardboards; and plasticizing, insecticide, and white oils. Additionally, the company offers service stations, trading and transport, marine terminals, and breakdown services. It serves agriculture, carriers and fleets, gas fitters, industry, marine and fishing, motorists, property administrator, taxi drivers, home, and service sectors. The company was founded in 1986 and is based in Madrid, Spain.

PNM Resources, Inc. (NYSE: PNM), together with its subsidiaries, operates in energy and energy-related businesses. It primarily engages in the generation, transmission, and distribution of electricity in the United States and New Mexico. The company generates electricity using coal, nuclear, natural gas, and wind energy. It also provides regulated transmission and distribution services. PNM Resources, through its 50% interest in Optim Energy, focuses on unregulated electric operations, including the development, operation, and ownership of diverse generation assets and wholesale marketing principally within the areas of Texas. As of December 31, 2008, the company had a generation capacity of approximately 2,713 megawatts. It provides electricity primarily to residential, commercial, and industrial customers. The company was founded in 1917 and is based in Albuquerque, New Mexico.

Kennametal Inc. (NYSE: KMT) manufactures and sells tooling, engineered components, and advanced materials consumed in production processes worldwide. The company operates through two segments, Metalworking Solutions and Services Group (MSSG); and Advanced Materials Solutions Group (AMSG). The MSSG segment provides metalcutting tools and tooling systems to manufacturing companies in various industries. It offers metalcutting tools for turning, boring, threading, grooving, milling, and drilling. This segmenta�s tooling systems consist of a steel toolholder and a cutting tool, such as an indexable insert or drill made from cemented tungsten carbides, ceramics, cermets, and other hard materials. It also provides engineering services, including product design and identification. The AMSG segment offers cemented tungsten carbide products used in mining, highway construction, and engineered applications. Its products include radial bearings used for directional drilling of oil and gas; extruder barrels used by plastics manufacturers and food processors; and various other engineered components. This segment also provides metallurgical powders to manufacturers of cemented tungsten carbide products; application-specific component design services; and on-site application support services, as well as engineered component process technology and materials. The company markets its products under Kennametal, Kenloc, Kenna-LOK, KM Micro, Kentip, Widia Heinlein, Top Notch, ToolBoss, ToolBoss, Kyon, Fix-Perfect, Mill1, RTW, Circle, Conforma Clad, Extrude Hone, and Surftran brands. It serves metalworking manufacturers and suppliers in the aerospace, automotive, machine tool, light and heavy machinery, coal mining, highway construction, quarrying, and oil and gas exploration and production industries. Kennametal sells its products through direct sales force, network of independent distributors, sales agents, and Internet. The company was founded in 1938 and is headquartered in Latrobe, Pennsylvania.

The Great Atlantic & Pacific Tea Company, Inc. (NYSE: GAP) operates conventional supermarkets, combination food and drug stores, and limited assortment food stores under the A&P, Waldbauma�s, Pathmark, Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super Foodmart, Super Fresh, and Food Basics names in the United States. Its stores offer grocery products, including grocery, frozen foods, dairy, general merchandise/health and beauty aids, liquor, and pharmacy products; meat, deli, bakery, and seafood; fresh produce, including produce and floral; and other items commonly offered in supermarkets. The companya�s stores also offer delicatessen, pharmacy, fresh fish, cheese, and on-site banking services, as well as other private label products under the Americaa�s Choice, Master Choice, and Health Pride names. As of May 12, 2009, it operated 436 stores. The company was founded in 1859 and is based in Montvale, New Jersey.

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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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