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47.17% Of All NYSE Trading Friday Was Short Selling. TOH, MKC, ETH, THO, PCU, SNE Highest % Of Daily Trading Volume Short

^{Published on 2009-09-27 15:46:05, Last Modified on 2010-12-22 14:48:13 - WOPRAI}
 

September 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, September 25th, 2009 and come to the following statistical conclusions. There were 6,465 stocks with daily short volume reported and total NYSE trading volume of 1,123,092,205 shares. Total Daily Short Volume was 529,742,319 shares. 47.17% of all trading on the NYSE Friday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Hicks Acquisition Co. (AMEX: TOH), McCormick (NYSE: MKC), Ethan Allen Interiors (NYSE: ETH), Thor Industries (NYSE: THO), Southern Copper Corp (NYSE: PCU) and Sony Corporation (NYSE: SNE). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090925 TOH 78,996 84,896 P 93.05%

20090925 MKC 125,480 145,390 P 86.31%

20090925 ETH 113,185 132,685 P 85.30%

20090925 THO 55,124 67,325 P 81.88%

20090925 PCU 411,064 526,538 P 78.07%

20090925 SNE 234,659 304,403 P 77.09%

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.

Hicks Acquisition Company I, Inc. (AMEX: TOH) does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. Hicks Acquisition Company was founded in 2007 and is based in Dallas, Texas.

McCormick & Company, Incorporated (NYSE: MKC), a specialty food company, engages in the manufacture, marketing, and distribution of flavor products and other specialty food products to the food industry worldwide. It operates in two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, extracts, seasoning blends, sauces, marinades, and specialty foods to the consumer food market through retail outlets, including grocery, mass merchandise, warehouse clubs, and discount and drug stores. This segment markets its products under the brand names McCormick, Lawryais, Zatarainais, Thai Kitchen, Simply Asia, Ducros, Schwartz, Vahine, Silvo, Club House, Billy Bee, Lawryais, and Adolphais. The Industrial segment provides seasoning blends, natural spices and herbs, wet flavors, coating systems, and compound flavors to food manufacturers and the food service industry through distributors. McCormick & Company also sells its products directly to customers and through brokers and wholesalers. The company was founded in 1889 and is headquartered in Sparks, Maryland.

Ethan Allen Interiors Inc. (NYSE: ETH), together with its subsidiaries, engages in the design, manufacture, sourcing, sale, and distribution of various home furnishings and accessories, as well as related marketing and brand awareness efforts in the United States. The company also markets home furnishings and accessories to consumers through a network of company-owned design centers. Its products include beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wood accents. The company also offers upholstery home furnishing items, such as sleepers, recliners, chairs, sofas, loveseats, cut fabrics, and leather, as well as home accessory and other items, including window treatments, wall decor, lighting, clocks, bedding and bedspreads, decorative accessories, area rugs, and home and garden furnishings. As of June 30, 2009, Ethan Allen Interiors Inc. operated through 293 retail design centers comprising 159 company-owned and operated centers, and 134 independently-owned and operated centers. The company was founded in 1932 and is headquartered in Danbury, Connecticut.

Thor Industries, Inc. (NYSE: THO), together with its subsidiaries, manufactures and sells recreation vehicles, and small and mid-size buses, as well as related parts and accessories in the United States and Canada. The company primarily offers a range of recreation vehicles, including Airstream Safari, International, Bambi, and Base Camp travel trailers; Interstate Class B motorhomes; gasoline and diesel Class C and Class A motorhomes; fifth wheels; truck campers; and Park models. It also manufactures and sells buses for transit, airport car rental and hotel/motel shuttles, paramedical transit for hospitals and nursing homes, tour and charter operations, and other uses. The company sells its vehicles through independent dealers to municipalities and private purchasers, such as rental car companies and hotels. It has a joint venture with Cruise America, Inc., which provides short-term rentals of motorized recreation vehicles to the public. Thor Industries was founded in 1980 and is based in Jackson Center, Ohio.

Southern Copper Corporation (NYSE: PCU) produces and sells copper, molybdenum, zinc, silver, lead, and gold worldwide. The company engages in the mining, milling, and flotation of copper ore to produce copper concentrates and molybdenum concentrates; smelting of copper concentrates to produce anode and blister copper; refining of blister/anode copper to produce copper cathodes; and production of refined copper using SX/EW technology. It operates Toquepala and Cuajone mines in the Andes mountains, which are located southeast of the city of Lima, Peru; and a smelter and refinery west of the Toquepala and Cuajone mines in the coastal city of Ilo, Peru. The company also engages in open pit operations, which include La Caridad and Cananea mine complexes; and the smelting and refining plants and support facilities. In addition, it involves in underground mining operations, which includes five underground mines that produce zinc, copper, silver, and gold; a coal mine, which produces coal and coke; and various industrial processing facilities for zinc and copper. The company has its mining, smelting, and refining operations in Peru and Mexico, as well as exploration operations in Peru, Mexico, and Chile. Southern Copper Corporation was formerly known as Southern Peru Copper Corporation and changed its name to Southern Copper Corporation. The company was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.

Sony Corporation (NYSE: SNE), together with its subsidiaries, engages in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer and industrial markets in Japan, the United States, Europe, and internationally. The company's products include audio and video equipment, liquid crystal display televisions, personal computers, monitors, semiconductors, components, mobile phones, CDs, DVDs, and Blu-ray discs. It develops, produces, markets, and distributes home-use game consoles and software, such as PlayStation2, PlayStation Portable, and PLAYSTATION 3 hardware and related software. Sony Corporation also engages in the development, production, manufacture, marketing, distribution, and broadcasting of image-based software, including film, video, and television products. In addition, the company involves in motion picture, television, and home entertainment production, acquisition, and distribution; digital content creation and distribution; channel investments; studio facilities operation; entertainment products, services, and technologies development; and filmed entertainment distribution. Further, it engages in various financial service operations, such as insurance, banking, and leasing and credit financing. Additionally, Sony Corporation operates a network service business, an animation production and marketing business, and an advertising agency business. The company also operates a domestic recorded music business that produces recorded music and music videos through contracts with various artists in various musical genres; music publishing business to own and acquire rights to musical compositions; and So-net, an Internet-related service business. The company was formerly known as Tokyo Tsushin Kogyo Kabushiki Kaisha and changed its name to Sony Corporation in January 1958. Sony Corporation was founded in 1946 and is headquartered in Tokyo, Japan.

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