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RF, KEY, PIR, GGB, WMT, CHK With Highest Daily Short Volume On NYSE Tuesday

^{Published on 2009-10-13 15:35:30, Last Modified on 2010-12-22 14:55:37 - WOPRAI}
 

October 14, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, October 13th, 2009 and come to the following statistical conclusions. There were 6,439 stocks with daily short volume reported and total NYSE trading volume of 992,448,650 shares. Total Daily Short Volume was 472,970,339 shares. 47.65% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume on Tuesday. Regions Financial (NYSE: RF), KeyCorp (NYSE: KEY), Pier 1 Imports (NYSE: PIR), Gerdau (NYSE: GGB), WalMart Stores (NYSE: WMT) and Chesapeake Energy (NYSE: CHK). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091013 RF 2,463,103 3,956,035 P 62.26%

20091013 KEY 1,311,298 2,319,516 P 56.53%

20091013 PIR 1,124,078 3,285,933 P 34.21%

20091013 GGB 963,857 1,822,120 P 52.90%

20091013 WMT 956,842 2,103,949 P 45.48%

20091013 CHK 950,397 1,909,855 P 49.76%

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.

Regions Financial Corporation (NYSE: RF) operates as the holding company for the Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. It offers various deposit products, including checking accounts, savings accounts, money market accounts, and foreign deposits, as well as time deposits, including certificate of deposits and individual retirement accounts. The companya�s loan portfolio comprises commercial and industrial loans; commercial real estate loans; real estate mortgage loans; residential first mortgage loans; home equity loans and lines of credit; indirect lending; and other consumer loans, such as direct consumer installment loans, overdrafts and other revolving credit, and educational loans. Regions Financial Corporation, through other subsidiaries, also provides regional brokerage and investment banking products and services, such as securities brokerage, asset management, financial planning, mutual funds, securities underwriting, and sales and trading services, as well as insurance brokerage services for various lines of personal and commercial insurance, including property, casualty, life, health, accident, and credit-related insurance products. In addition, the company provides domestic and international equipment financing products primarily to commercial clients. As of December 31, 2008, it operated approximately 1,900 full-service banking offices and 2,300 automated teller machines in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company was founded in 1970 and is headquartered in Birmingham, Alabama.

KeyCorp (NYSE: KEY) operates as the holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company offers various deposit and loan products. Its deposit product portfolio includes NOW accounts, money market deposit accounts, savings deposits, certificates of deposit, and time deposits. The companya�s loan product line comprises commercial, financial, and agricultural loans; commercial real estate loans, including commercial mortgage and construction loans; residential real estate loans; and consumer loans. It also offers personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, international banking services, and investment management services. In addition, the company provides accident, health, and credit-life insurance services; community development financing; securities underwriting and brokerage; and merchant services. As of December 31, 2008, it operated 986 full-service retail banking branches in 14 states and a network of 1,478 automated teller machines in 16 states. The company was founded in 1849 and is headquartered in Cleveland, Ohio.

Pier 1 Imports, Inc. (NYSE: PIR), together with its subsidiaries, operates as a specialty retailer of imported decorative home furnishings, gifts, and related items. Its stores offer furniture, decorative home furnishings, dining and kitchen goods, epicurean products, bath and bedding accessories, candles, and other specialty items for the home. The companya�s decorative accessories include wood accessories, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, bedding, and seasonal and gift items. Its furniture products comprise furniture and furniture cushions to be used on patios, and in living, dining, kitchen, bedroom, and sunrooms, as well as wall decorations and mirrors. As of March 1, 2008, the company operated 1,011 stores in the United States and 81 stores in Canada under Pier 1 Imports name. Pier 1 Imports, Inc. also operates in Mexico and Puerto Rico. The company was founded in 1970 and is headquartered in Fort Worth, Texas.

Gerdau S.A. (NYSE: GGB), through its subsidiaries, engages in the production and sale of steel products in Brazil and internationally. The company offers crude steel products, which include billets that are used to manufacture wire rods, rebars, and merchant bars; blooms for use in the manufacture of springs, forged parts, heavy structural shapes, and seamless tubes; and slabs, which are used in the steel industry for the rolling of various flat rolled products, as well as to produce hot and cold rolled coils, heavy slabs, and profiles. Its long rolled products include rebars, merchant bars, and profiles, which are used in construction and manufacturing industries; and drawn products comprise barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural sectors. The company also offers specialty and stainless steel products used in tools and machinery, chains, fasteners, railroad spikes, and special coil steel, as well as special sections, such as grader blades, smelter bars, light rails, super light I-beams, and elevator guide rails. In addition, it provides flat products, such as hot and cold steel coils, heavy plates, and profiles; and resells flat steel products manufactured by other Brazilian steel producers. The company, through its interest in Dona Francisca Energetica S.A., operates hydroelectric power plant with a nominal capacity of 125 megawatts located in Agudo, Rio Grande do Sul state. It has a strategic partnership with Corporacin Centroamericana del Acero S.A. The company was founded in 1901 and is headquartered in Porto Alegre, Brazil. Gerdau S.A. is a subsidiary of Metalurgica Gerdau S.A.

Wal-Mart Stores, Inc. (NYSE: WMT) operates retail stores in various formats worldwide. The companya�s Walmart U.S. segment offers meat, produce, deli, bakery, dairy, frozen foods, floral, and dry grocery; health and beauty aids, household chemicals, paper goods, and pet supplies; electronics, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts, and prepaid service and toys; fabrics and crafts, stationery and books, automotive accessories, hardware and paint, horticulture and accessories, sporting goods, outdoor entertaining, and seasonal merchandise; apparel, shoes, and jewelry; pharmacy and optical services; and home furnishings, housewares, and small appliances through discount stores, supercenters, and neighborhood markets, as well as through walmart.com. Its International segment includes various formats of retail stores and restaurants, including combination discount and grocery stores, supercenters, Sama�s Clubs, hypermarkets, cash-n-carry stores, department stores, and general merchandise stores. The companya�s Sama�s Club segment offers merchandise, including hardgoods, softgoods, institutional-size grocery items, and selected private-label items under the MEMBERa�S MARK, BAKERS & CHEFS, and SAMa�S CLUB brands through warehouse membership clubs in the United States, as well as through samsclub.com. As of January 31, 2009, it operated 891 discount stores, 2,612 super centers, 153 Neighborhood Markets, and 602 Sama�s Clubs in the United States; and 28 units in Argentina, 345 in Brazil, 318 in Canada, 197 in Chile, 164 in Costa Rica, 77 in El Salvador, 160 in Guatemala, 50 in Honduras, 371 in Japan, 1,197 in Mexico, 51 in Nicaragua, 56 in Puerto Rico, and 358 in the United Kingdom, as well as 243 stores through a of joint ventures. The company was founded in 1945 and is based in Bentonville, Arkansas.

Chesapeake Energy Corporation (NYSE: CHK), an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. It also provides marketing and midstream services for natural gas and oil for other working interest owners in properties it operate. The companya�s properties are located in Oklahoma, Texas, Alabama, Arkansas, Louisiana, Kansas, Montana, Colorado, North Dakota, Nebraska, New Mexico, West Virginia, Kentucky, Ohio, New York, Maryland, Michigan, Mississippi, Pennsylvania, Tennessee, Utah, Virginia, and Wyoming. As of December 31, 2008, it owned interests in approximately 41,200 producing natural gas and oil wells; and had 12.051 trillion cubic feet equivalent of proved reserves. The company was founded in 1989 and is based in Oklahoma City, Oklahoma.

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