S1 Corp (SONE) Daily Short Sale Trading Volume Through 10-12-09
October 13, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Monday, October 12th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in S1 Corp (NASDAQ: SONE) for August through October 12th, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
10/12/2009 40,845 322,609 12.66%
10/9/2009 82,575 934,500 8.84%
10/8/2009 30,779 1,037,200 2.97%
10/7/2009 29,573 525,300 5.63%
10/6/2009 9,788 360,000 2.72%
10/5/2009 10,733 314,500 3.41%
10/2/2009 115,383 855,600 13.49%
10/1/2009 12,918 481,800 2.68%
9/30/2009 26,447 332,600 7.95%
9/29/2009 22,234 215,600 10.31%
9/28/2009 20,008 328,800 6.09%
9/25/2009 38,773 346,800 11.18%
9/24/2009 93,942 1,000,300 9.39%
9/23/2009 31,559 441,400 7.15%
9/22/2009 25,014 347,800 7.19%
9/21/2009 27,198 308,400 8.82%
9/18/2009 154,228 552,300 27.92%
9/17/2009 59,336 356,600 16.64%
9/16/2009 30,387 257,900 11.78%
9/15/2009 10,702 122,900 8.71%
9/14/2009 28,478 488,600 5.83%
9/11/2009 69,512 430,600 16.14%
9/10/2009 35,273 259,300 13.60%
9/9/2009 68,282 474,200 14.40%
9/8/2009 32,750 316,000 10.36%
9/4/2009 33,193 490,200 6.77%
9/3/2009 45,611 493,700 9.24%
9/2/2009 336,687 1,935,900 17.39%
9/1/2009 82,878 816,800 10.15%
8/31/2009 24,790 406,120 6.10%
8/28/2009 51,906 382,600 13.57%
8/27/2009 17,875 286,700 6.23%
8/26/2009 18,371 227,100 8.09%
8/25/2009 21,625 162,300 13.32%
8/24/2009 17,637 126,400 13.95%
8/21/2009 82,013 281,300 29.15%
8/20/2009 22,542 178,800 12.61%
8/19/2009 50,243 294,200 17.08%
8/18/2009 61,293 336,800 18.20%
8/17/2009 65,164 400,000 16.29%
8/14/2009 77,432 383,400 20.20%
8/13/2009 34,281 278,200 12.32%
8/12/2009 40,167 353,800 11.35%
8/11/2009 56,345 374,600 15.04%
8/10/2009 35,534 166,300 21.37%
8/7/2009 42,683 225,800 18.90%
8/6/2009 50,661 389,400 13.01%
8/5/2009 212,476 806,800 26.34%
8/4/2009 52,794 403,800 13.07%
8/3/2009 29,306 261,300 11.22%
Total 2,670,224 21,873,929 12.21%
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.
S1 Corporation (NASDAQ: SONE) provides customer interaction software solutions for financial and payment services in the United States and internationally. The company operates in two segments, Enterprise and Postilion. The Enterprise segment provides software solutions and related services to financial institutions, including self service banking solutions, such as Internet personal, small business and corporate banking and trade finance, and mobile banking; and full service banking solutions consisting of teller, branch, sales and service, and call center. This segmenta�s solutions comprise retail online, treasury online, branch banking and call center, and insurance. The Postilion segment provides payments processing and card management solutions, and banking solutions. Its payments processing and card management solutions provide transaction switching, device driving, and secure card issuance and life cycle management for credit, debit, and prepaid cards for financial institutions, ATM owners and deployers, retailers, merchant acquirers, and card issuers. This segment also provides an end-to-end banking solution for fully integrated self-service banking and payments for community and regional banks and credit unions in North America. In addition, the company offers various professional services, such as project management, implementation, custom software development, integration, educational, and Web design services; customer support; and hosting services. Further, it sells certain software and hardware products produced by third-parties. S1 Corporation primarily serves traditional financial services providers, such as banks, credit unions, and insurance companies, as well as transaction processors and retailers. The company was founded in 1934 and is headquartered in Norcross, Georgia with additional offices in Littleton, Massachusetts; Charlotte, North Carolina; Austin, Texas; Colorado Springs, Colorado; Fairport, New York; and West Hills, California.
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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 montha�s 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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