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49.18% Of All NASDAQ Trading Friday Was Short Selling. CCRT, SEPR, TSCO, PSSI, ADTN, HOTT Highest % Of Daily Trading Volume Sh

^{Published on 2009-09-27 16:16:29, Last Modified on 2010-12-22 14:48:18 - WOPRAI}
 

September 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, September 25th, 2009 and come to the following statistical conclusions. There were 6,646 stocks with daily short volume reported and total NASDAQ trading volume of 1,693,811,630 shares. Total Daily Short Volume was 833,048,345 shares. 49.18% of all trading on the NASDAQ 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. CompuCredit Holdings (NASDAQ: CCRT), Sepracor (NASDAQ: SEPR), Tractor Supply Company (NASDAQ: TSCO), PSS World Medical (NASDAQ: PSSI), ADTRAN (NASDAQ: ADTN) and Hot Topic (NASDAQ: HOTT). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090925 CCRT 142,841 162,496 Q 87.90%

20090925 SEPR 317,192 365,989 Q 86.67%

20090925 TSCO 76,586 100,982 Q 75.84%

20090925 PSSI 139,415 186,258 Q 74.85%

20090925 ADTN 614,007 824,040 Q 74.51%

20090925 HOTT 332,123 457,647 Q 72.57%

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.

CompuCredit Holdings Corp. (NASDAQ: CCRT) provides credit and related financial services and products to underserved consumer credit market. It operates in four segments: Credit Cards, Investments in Previously Charged-Off Receivables, Retail Micro-Loans, and Auto Finance. The Credit Cards segment consists of credit card investment and servicing activities conducted with respect to receivables underlying accounts originated and portfolios purchased by the company. The Investments in Previously Charged-Off Receivables segment acquires and sells previously charged-off credit card receivables. The Retail Micro-Loans segment provides small-denomination, short-term, and unsecured cash advances due on the customerais next payday; installment loan and other credit products; and money transfer and other financial services. The Auto Finance segment engages in purchasing and servicing auto loans through a network of pre-qualified auto dealers. The company also offers other ancillary products, including credit and identity theft monitoring, health discount programs, shopping discount programs, debt waiver, and life insurance. In addition, it offers small-balance and short-term cash advance loans through various channels, including retail branch locations and the Internet. CompuCredit Holdings Corp. was formerly known as CompuCredit Corp. and changed its name to CompuCredit Holdings Corp. in June 2009. The company was founded in 1996 and is based in Atlanta, Georgia.

Sepracor Inc. (NASDAQ: SEPR), a research-based pharmaceutical company, engages in the discovery, development, and commercialization of pharmaceutical products. The companyais marketed products primarily include LUNESTA (eszopiclone), a non-benzodiazepine sedative hypnotic for the treatment of insomnia in adults; XOPENEX (levalbuterol HCl) Inhalation Solution, a short-acting bronchodilator for the treatment or prevention of bronchospasm in patients six years of age and older with reversible obstructive airway disease; XOPENEX HFA (levalbuterol tartrate) Inhalation Aerosol, a hydrofluoroalkane (HFA) metered-dose inhaler (MDI) for the treatment or prevention of bronchospasm in adults, adolescents, and children four years of age and older with reversible obstructive airway disease; and BROVANA (arformoterol tartrate) Inhalation Solution, a maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease, including chronic bronchitis and emphysema. It also markets OMNARIS (ciclesonide) Nasal Spray, an intranasal formulation of ciclesonide for the treatment of nasal symptoms associated with seasonal allergic rhinitis in adults and children six years of age and older, and with perennial allergic rhinitis in adults and adolescents 12 years of age and older; and ALVESCO (ciclesonide) HFA Inhalation Aerosol, an inhaled corticosteroid in an HFA MDI formulation for the maintenance treatment of asthma as prophylactic therapy in adult and adolescent patients 12 years of age and older. Sepracor markets its products to primary care physicians, allergists, pulmonologists, pediatricians, hospitals, psychiatrists, and sleep specialists in the United States. The company was founded in 1984 and is headquartered in Marlborough, Massachusetts.

Tractor Supply Company (NASDAQ: TSCO) operates retail farm and ranch stores in the United States. It offers a selection of merchandise, including equine, pet, and animal products, such as items required for their health, care, growth, and containment; maintenance products for agricultural and rural use; hardware and tool products; seasonal products comprising lawn and garden power equipment; truck and towing products; and work/recreational clothing and footwear. The company provides its products to the recreational farmers and ranchers, as well as to the tradesmen and small businesses. As of December 27, 2008, it operated 855 retail farm and ranch stores in 44 states. The company operates its retail stores under the Tractor Supply Company and Delais Farm Supply names, as well as operates a Web site under the name, TractorSupply.com. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.

PSS World Medical, Inc. (NASDAQ: PSSI), together with its subsidiaries, distributes medical products and equipment, and pharmaceutical products to alternate-site healthcare providers in the United States. It operates in two segments, Physician Business and Elder Care Business. The Physician Business segment distributes medical-surgical disposable supplies, diagnostic equipment, non-diagnostic equipment, and healthcare information technology products. This segment also provides pharmaceutical products, such as vaccines, injectables, inhalants, topicals, opthalmic ointments and solutions, otic solutions and oral analgesics, antacids and antibiotics, and controlled pharmaceutical products to physician offices, as well as non-controlled drugs. The Elder Care Business segment distributes medical and related products, including medical supplies, incontinent supplies and personal care items, enteral feeding supplies, point of care testing devices, wound care, home medical equipment, and various supplies to long-term care patients. It also provides medicare and medicaid billing services to the assisted living market. This segment serves independent, regional, and national nursing home facilities, home health agencies, assisted living centers, hospices, and home medical equipment dealers. As of March 27, 2009, the Physician Business segment operated a distribution network consisting of 27 full-service distribution centers, 33 break-freight locations, and 2 redistribution facilities; and the Elder Care Business segment operated a distribution network consisting of 12 full-service distribution centers, 7 break-freight locations, 6 ancillary service centers, and 2 redistribution centers. The company was founded in 1983 and is headquartered in Jacksonville, Florida.

ADTRAN, Inc. (NASDAQ: ADTN) designs, manufactures, markets, and services network access solutions that enable voice, data, video, and Internet communications across copper, fiber, and wireless networks in the United States and Internationally. The companyais Carrier Networks division provides copper and fiber-based solutions used by service providers to deliver voice, data, and video services from their equipment to customerais premises. Its products are used in voice services, VoIP, IP television, high speed Internet access, and data services based upon frame relay, TDM, ATM, and ethernet networks, connecting the network with user components, such as switches, routers, IADs, PBX, and key telephone systems. This division serves incumbent local exchange carriers, independent operating companies, competitive local exchange carriers, international carriers, and wireless service providers. The Enterprise Networks division specializes in Internetworking solutions to implement voice, data, Internet, and video connectivity over wide and local area networks. These solutions are installed in equipment rooms and wiring closets, and help to connect headquarters, branch offices, and telecommuters to corporate information resources. It also offers multi-service access routers; managed layer 2 and layer 3 fast ethernet, gigabit, and power over ethernet switches; Internet security appliances; and VoIP phone systems and IP phones under the NetVanta brand name. This division serves retail, food service, healthcare, finance, government, education, manufacturing, military, transportation, hospitality, energy, and utility markets. In addition, the company provides digital data service and integrated services digital network, digital network products, high bit-rate digital subscriber line products, time division multiplexed-symmetrical HDSL products, channel service units/data service units, and fixed wireless products. ADTRAN, Inc. was founded in 1985 and is headquartered in Huntsville, Alabama.

Hot Topic, Inc. (NASDAQ: HOTT), together with its subsidiaries, operates as a mall- and Web-based specialty retailer in the United States. The company operates Hot Topic and Torrid store concepts, as well as an e-space music discovery concept, ShockHound. Its Hot Topic stores sell music/pop culture-licensed merchandise, including tee shirts, hats, posters, stickers, patches, postcards, books, novelty accessories, CDs, and DVDs; and music/pop culture-influenced merchandise comprising womenais and menais apparel and accessories, such as woven and knit tops, skirts, pants, shorts, jackets, shoes, costume jewelry, body jewelry, sunglasses, cosmetics, leather accessories, and gift items. The companyais Torrid stores offer casual and dressy offerings, which include jeans, fashion tops, sweaters, pants, jackets and dresses, hosiery, shoes, intimate apparel, and fashion accessories for plus-size young women. The companyais ShickHound, a music Website that facilitates people of various ages to purchase MP3s and music merchandise, share their music interests, read the latest music news, and enjoy editorial content about their favorite artists. As of January 31, 2009, it operated 681 Hot Topic stores in the United States and Puerto Rico, and 159 Torrid stores in 36 states. The company also sells merchandise on its Web sites, hottopic.com and torrid.com. Hot Topic, Inc. was founded in 1988 and is headquartered in City of Industry, California.

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