Moodys Corp (MCO) Daily Short Sale Trading Volume Through 9-28-09
September 29, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Monday, September 28th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Moodys Corp (NYSE: MCO) for August through September 28, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/28/2009 835,103 8,571,008 9.74%
9/25/2009 1,631,192 14,726,900 11.08%
9/24/2009 1,799,892 14,049,900 12.81%
9/23/2009 1,657,697 11,620,100 14.27%
9/22/2009 799,799 6,951,500 11.51%
9/21/2009 1,220,347 9,928,700 12.29%
9/18/2009 708,585 5,725,100 12.38%
9/17/2009 1,834,452 11,280,500 16.26%
9/16/2009 657,372 4,070,200 16.15%
9/15/2009 705,872 4,141,400 17.04%
9/14/2009 1,021,116 4,094,100 24.94%
9/11/2009 685,003 4,780,000 14.33%
9/10/2009 843,123 4,954,400 17.02%
9/9/2009 1,268,992 7,020,600 18.08%
9/8/2009 2,063,285 11,522,000 17.91%
9/4/2009 1,451,832 9,433,400 15.39%
9/3/2009 3,401,089 18,668,700 18.22%
9/2/2009 400,950 2,551,800 15.71%
9/1/2009 585,175 3,968,400 14.75%
8/31/2009 305,248 1,880,800 16.23%
8/28/2009 463,169 2,519,500 18.38%
8/27/2009 594,494 3,171,500 18.74%
8/26/2009 224,054 1,667,500 13.44%
8/25/2009 381,557 2,036,400 18.74%
8/24/2009 750,294 4,154,800 18.06%
8/21/2009 694,283 4,117,200 16.86%
8/20/2009 378,016 3,065,600 12.33%
8/19/2009 503,240 3,646,100 13.80%
8/18/2009 223,650 1,865,000 11.99%
8/17/2009 438,830 3,126,800 14.03%
8/14/2009 283,378 2,021,100 14.02%
8/13/2009 440,685 2,276,100 19.36%
8/12/2009 279,866 1,812,200 15.44%
8/11/2009 339,565 2,443,000 13.90%
8/10/2009 313,075 3,269,900 9.57%
8/7/2009 548,673 3,800,100 14.44%
8/6/2009 391,390 2,676,600 14.62%
8/5/2009 456,160 3,863,900 11.81%
8/4/2009 721,244 5,247,400 13.74%
8/3/2009 588,587 4,479,900 13.14%
Total 32,890,334 221,200,108 14.87%
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.
Moodys Corporation (NYSE: MCO), through its subsidiaries, provides credit ratings and related research, data, and analytical tools; quantitative credit risk measures, risk scoring software, and credit portfolio management solutions; and securities pricing software and valuation models principally in the United States and Europe. The company operates through two segments, MIS and MA. The MIS segment publishes credit ratings on a range of debt obligations, including various corporate and governmental obligations, structured finance securities, and commercial paper programs, as well as the entities that issue such obligations in markets worldwide. This segment provides ratings in approximately 110 countries. Its ratings are disseminated via press releases to the public through a range of print and electronic media, including the Internet and real-time information systems, which is used by securities traders and investors. As of December 31, 2008, MIS had ratings relationships with approximately 13,000 corporate issuers and approximately 26,000 public finance issuers. Additionally, the company rated and monitored ratings on approximately 109,000 structured finance obligations. The MA segment develops a range of products and services that support the credit risk management activities of institutional participants in financial markets. These offerings include quantitative credit risk scores, credit processing software, economic research, analytical models, financial data, securities pricing software, and valuation models, and specialized consulting services. It also distributes investor-oriented research and data, including in-depth research on debt issuers, industry studies, and commentary on topical events developed by MIS as part of its rating process. The company was founded in 1900 and is headquartered in New York, New York.
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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.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each monthais short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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