Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, October 13, 2009
Mon, October 12, 2009 Entremed (ENMD) Daily Short Sale Trading Volume Through 10-9-09
October 12, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Friday, October 9th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Entremed (NASDAQ: ENMD) for August through October 9th, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
10/9/2009 331,901 3,065,400 10.83%
10/8/2009 365,109 4,110,000 8.88%
10/7/2009 82,903 659,100 12.58%
10/6/2009 213,527 1,061,200 20.12%
10/5/2009 65,913 454,700 14.50%
10/2/2009 8,941 116,700 7.66%
10/1/2009 5,573 83,000 6.71%
9/30/2009 1,700 68,500 2.48%
9/29/2009 20,930 216,100 9.69%
9/28/2009 857 92,500 0.93%
9/25/2009 1,400 35,100 3.99%
9/24/2009 2,730 134,000 2.04%
9/23/2009 21,708 230,300 9.43%
9/22/2009 3,500 112,600 3.11%
9/21/2009 650 46,600 1.39%
9/18/2009 2,800 116,200 2.41%
9/17/2009 36,410 277,900 13.10%
9/16/2009 59,911 466,600 12.84%
9/15/2009 2,650 131,200 2.02%
9/14/2009 11,789 225,300 5.23%
9/11/2009 2,500 327,000 0.76%
9/10/2009 4,100 203,500 2.01%
9/9/2009 17,830 100,300 17.78%
9/8/2009 2,650 58,000 4.57%
9/4/2009 2,400 139,600 1.72%
9/3/2009 28,479 263,200 10.82%
9/2/2009 18,200 124,700 14.60%
9/1/2009 400 79,900 0.50%
8/31/2009 5,718 57,897 9.88%
8/28/2009 2,000 87,100 2.30%
8/27/2009 5,392 207,300 2.60%
8/26/2009 5,710 84,000 6.80%
8/25/2009 15,166 169,700 8.94%
8/24/2009 32,660 135,400 24.12%
8/21/2009 10,595 86,500 12.25%
8/20/2009 0 21,400 0.00%
8/19/2009 2,575 128,900 2.00%
8/18/2009 16,144 172,500 9.36%
8/17/2009 6,920 68,700 10.07%
8/14/2009 6,869 53,600 12.82%
8/13/2009 5,150 54,800 9.40%
8/12/2009 1,600 87,400 1.83%
8/11/2009 5,279 198,900 2.65%
8/10/2009 2,000 86,300 2.32%
8/7/2009 11,220 117,000 9.59%
8/6/2009 34,831 442,100 7.88%
8/5/2009 64,055 372,300 17.21%
8/4/2009 41,730 447,300 9.33%
8/3/2009 20,750 224,800 9.23%
Total 1,613,825 16,303,097 9.90%
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.
EntreMed, Inc. (NASDAQ: ENMD), a clinical-stage pharmaceutical company, develops therapeutic candidates primarily for the treatment of cancer and inflammation. The companyais clinical development products include ENMD-2076, an Aurora A and angiogenic kinase inhibitor with potent activity against Aurora A and multiple tyrosine kinases linked to cancer and inflammatory diseases; used to treat tumor regression in various xenograft models, such as breast, colon, and leukemia; an activity towards ex vivo-treated human leukemia patient cells; and in Phase I clinical studies to treat solid tumors and multiple myeloma. Its clinical development products also include MKC-1, an oral cell-cycle inhibitor with activity against the mTOR pathway, which is in multiple Phase II clinical trials for metastatic breast, non-small cell lung, leukemia, pancreatic, ovarian/endometrial, and solid cancer tumors; ENMD-1198, an antimitotic agent that is in Phase I studies that induces cell cycle arrest and apoptosis in tumor cells; and Panzem, a Phase I clinical trial candidate for the treatment of rheumatoid arthritis. The company has license agreements with Childrenais Hospital Medical Center Corporation and Celgene Corporation. EntreMed, Inc. was founded in 1991 and is headquartered in Rockville, Maryland.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
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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