


Worthington Industries (WOR) Daily Short Sale Trading Volume Through 9-29-09
September 30, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Tuesday, September 29th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Worthington Industries (NYSE: WOR) for August through September 29, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/29/2009 176,323 1,494,549 11.80%
9/28/2009 104,019 680,400 15.29%
9/25/2009 124,524 729,100 17.08%
9/24/2009 152,636 846,000 18.04%
9/23/2009 110,119 755,800 14.57%
9/22/2009 126,568 585,300 21.62%
9/21/2009 99,022 665,900 14.87%
9/18/2009 115,712 1,250,500 9.25%
9/17/2009 132,245 985,500 13.42%
9/16/2009 130,355 879,500 14.82%
9/15/2009 84,610 761,100 11.12%
9/14/2009 100,553 607,200 16.56%
9/11/2009 90,911 910,000 9.99%
9/10/2009 121,822 912,200 13.35%
9/9/2009 91,132 507,400 17.96%
9/8/2009 95,859 737,100 13.00%
9/4/2009 54,103 416,900 12.98%
9/3/2009 96,474 589,800 16.36%
9/2/2009 96,506 657,900 14.67%
9/1/2009 166,316 888,700 18.71%
8/31/2009 96,206 654,600 14.70%
8/28/2009 117,198 733,300 15.98%
8/27/2009 196,880 1,098,300 17.93%
8/26/2009 126,596 600,100 21.10%
8/25/2009 71,981 645,900 11.14%
8/24/2009 51,777 417,800 12.39%
8/21/2009 111,231 986,000 11.28%
8/20/2009 97,156 524,100 18.54%
8/19/2009 188,837 891,400 21.18%
8/18/2009 145,327 712,500 20.40%
8/17/2009 161,978 1,001,800 16.17%
8/14/2009 166,295 735,900 22.60%
8/13/2009 154,387 823,400 18.75%
8/12/2009 106,069 770,700 13.76%
8/11/2009 94,120 702,000 13.41%
8/10/2009 87,471 643,500 13.59%
8/7/2009 157,754 1,212,400 13.01%
8/6/2009 147,010 769,500 19.10%
8/5/2009 101,825 746,500 13.64%
8/4/2009 138,666 739,600 18.75%
8/3/2009 158,635 946,900 16.75%
Total 4,947,208 32,217,049 15.36%
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.
Worthington Industries, Inc. (NYSE: WOR) operates as a diversified metal processing company focusing on steel processing and manufactured metal products primarily in the United States, Canada, and Europe. Its Steel Processing segment processes and offers flat-rolled steel for automotive, construction, lawn and garden, hardware, furniture, office equipment, electrical control, tubing, leisure and recreation, appliance, agricultural, HVAC, container, and aerospace markets. The companya�s Metal Framing segment designs and produces metal framing components and systems, as well as related accessories for the commercial and residential construction markets. Its products include steel studs and track, floor and wall system components, roof trusses, and other metal framing accessories, such as metal corner bead, lath, lath accessories, clips, fasteners, and vinyl bead and trim. The companya�s Pressure Cylinders segment produces low-pressure liquefied petroleum gas cylinders and refrigerant gas cylinders; high-pressure and industrial/specialty gas cylinders; airbrake tanks; and consumer products. It also produces recovery tanks for refrigerant gases; air reservoirs for truck and trailer original equipment manufacturers; and aBalloon Timea� helium kits. In addition, the company involves in the stamping, blanking, assembly, painting, packaging, die management, warehousing, distribution management, and other services to customers, primarily in the automotive industry; designs and builds light-gauge steel framed commercial structures and multi-family housing units; supply and construction of metal framing products for single family housing, with a focus on military; and design and manufacture of reusable custom platforms, racks, and pallets made of steel for supporting, protecting, and handling products throughout the shipping process. Worthington Industries was founded in 1955 and is headquartered in Columbus, Ohio.
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