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47.28% Of All NYSE Trading Monday Was Short Selling. CVG, WL, MNI, TKC, HR, TGB Highest % Of Daily Trading Volume Short

^{Published on 2009-09-28 14:21:53, Last Modified on 2010-12-22 14:48:48 - WOPRAI}
 

September 29, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, September 28th, 2009 and come to the following statistical conclusions. There were 6,423 stocks with daily short volume reported and total NYSE trading volume of 911,381,327 shares. Total Daily Short Volume was 430,902,515 shares. 47.28% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Convergys Corp (NYSE: CVG), Wilmington Trust (NYSE: WL), McClatchy Company (NYSE: MNI), Turkcell (NYSE: TKC), Healthcare Realty Trust (NYSE: HR) and Taseko Mines (AMEX: TGB). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090928 CVG 399,347 448,498 P 89.04%

20090928 WL 92,794 107,786 P 86.09%

20090928 MNI 202,950 255,209 P 79.52%

20090928 TKC 93,915 120,640 P 77.85%

20090928 HR 131,419 169,395 P 77.58%

20090928 TGB 76,344 99,080 P 77.05%

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.

Convergys Corporation (NYSE: CVG) provides relationship management solutions worldwide. The company operates in three segments: Customer Management, Information Management, and Human Resources Management. The Customer Management segment provides agent-assisted solutions, including customer service, customer acquisition, customer retention, technical support, back office, and business-to-business solutions. This segment also offers automated self-service solutions comprising cost containment, adoption acceleration, and revenue realization; and technology solution components, including inter voice portal 6.0, interaction composer, dynamic decisioning solution software, Internet protocol contact center, and media exchange with home zone. The Information Management segment provides business support system and operational support system solutions. These solutions consist of revenue management comprising rating and billing manager, active mediation, and real-time convergent charging; enterprise product management containing product control manager and offer management; and customer relationship solutions comprising customer service manager and field service manager. It also offers the Infinys integrated communications operations management system solution for the broadband convergent video, high-speed data, and telephony markets. The Human Resources Management segment provides global human resource business process outsourcing solutions. Its solutions include benefits administration, compensation solution, human resource administration, learning, organizational development/performance management, payroll administration, recruiting and resourcing, workforce intelligence, and talent management. The company was founded in 1998 and is headquartered in Cincinnati, Ohio.

Wilmington Trust Corporation (NYSE: WL), through its subsidiary, Wilmington Trust Company, provides fiduciary, wealth management, investment advisory, financial planning, insurance, broker-dealer, lending, and deposit-taking services in the United States and internationally. The Regional Banking segment offers various commercial lending, including lines of credit, term loans, and demand loans for working capital; consumer lending consisting of installment loans, residential mortgages, home improvement loans, direct and indirect automobile loans, credit cards, and secured and unsecured lines of credit; and deposit taking comprising demand checking, certificate of deposit, negotiable order of withdrawal, money market, and various savings deposit services. The Corporate Client Services segment offers indenture, successor, collateral, and liquidating trustee and administrative services; owner and indenture trustee and specialized services that support asset-backed securitizations and financing structures for aircraft, power generating facilities, ships, and other types of capital equipment; independent directors, corporate governance, and regulatory reporting services; trust and custody services for unbundled retirement plans; and fixed income investment and cash management services. This segment serves investment bankers, corporate tax advisors, and financial executives of multinational institutions. The Wealth Advisory Services segment provides investment counseling, asset allocation, and asset management; proprietary and third-party investment management; fiduciary and trust services; financial, estate, succession, and other planning services; tax preparation, estate settlement, private banking, and insurance services; broker-dealer services; and corporate governance, business management, bookkeeping, and other administrative services for family offices. The company was founded in 1901 and is headquartered in Wilmington, Delaware.

The McClatchy Company (NYSE: MNI) operates as a newspaper company in the United States. The companya�s newspapers include The Miami Herald, The Sacramento Bee, the (Fort Worth) Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. As of December 28, 2008, it owned 30 daily newspapers and approximately 50 non dailies located in 29 markets. The companya�s Web sites also offer users information, news, advertising, e-commerce, and other services. In addition, it provides a portfolio of premium digital assets. Further, the company owns 14.4% of CareerBuilder, an online job site; 25.6% of Classified Ventures, a newspaper industry partnership that offers classified Web sites; cars.com, an auto Web site; and apartments.com, a rental site. The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California.

Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) engages in establishing and operating Global System for Mobile Communications network in Turkey. The company provides mobile telecommunication services, including mobile voice and data services over its GSM network. Its voice services include wireless telephone services on a prepaid and postpaid basis. The company also provides consumer services, which offers mobile Internet and content services; and corporate services. As of December 31, 2008, it served approximately 29.5 million prepaid subscribers and 7.5 million postpaid subscribers. Turkcell Iletisim Hizmetleri offers its products and services through a distribution network that consists of dealers, Turkcell Extras, Turkcell Communication Centers, Turkcell Stores, and distributors, as well as points of sale for counters, including ATMs, POS, Web, call centers, supermarkets, and consumer electronic chains and kiosks. The company was founded in 1993 and is headquartered in Istanbul, Turkey. Turkcell Iletisim Hizmetleri A.S. is a subsidiary of Turkcell Holding A.S.

Healthcare Realty Trust Incorporated (NYSE: HR), a real estate investment trust, engages in the ownership, acquisition, management, and development of real estate properties associated with the delivery of healthcare services in the United States. It also provides mortgage financing on healthcare facilities. As of December 31, 2005, the company had invested in real estate properties, including medical office/outpatient facilities, assisted living facilities, skilled nursing facilities, inpatient rehab facilities, independent living facilities, and other inpatient facilities. As of the above date, it owned 237 properties. As of the same date, the company provided property management services for 138 healthcare-related properties. Healthcare Realty Trust qualifies as a real estate investment trust for federal income tax purposes. The trust would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded by David R. Emery in 1992. The company is headquartered in Nashville, Tennessee.

Taseko Mines Limited (AMEX: TGB) operates as a mining and mineral exploration, development, and production company in Canada. The company primarily holds 100% interests in the Gibraltar copper-molybdenum mine located north of the City of Williams Lake in south-central British Columbia; and the Harmony gold property located on the Queen Charlotte-Haida Gwaii on the northwest coast of British Columbia. It also owns 100% interests in the Prosperity gold-copper property consisting of 196 mineral claims covering the mineral rights for approximately 85 square km in the Clinton Mining Division in south central British Columbia; and the Aley niobium property located near the city of Mackenzie in north eastern British Columbia. Taseko Mines Limited was founded in 1966 and is based in Vancouver, Canada.

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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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