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Short Sale Recap. Highest % Of Daily Trading Volume Short All Exchanges Combined For Friday

^{Published on 2009-11-08 10:46:20, Last Modified on 2010-12-22 17:29:00 - WOPRAI}
 

November 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Friday, November 6th, 2009 and come to the following statistical conclusions. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Newtek Business Services (NASDAQ: NEWT), Standard Parking (NASDAQ: STAN), Federal Mogul (NASDAQ: FDML), Shinhan Financial Group (NYSE: SHG), Computer Task Group (NASDAQ: CTGX) and Commtouch Software (NASDAQ: CTCH). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Symbol Short Volume Total Volume Percent

NEWT 67,125 73,400 91.45%

STAN 84,374 125,800 67.07%

FDML 61,230 95,200 64.32%

SHG 33,877 55,400 61.15%

CTGX 100,209 170,700 58.70%

CTCH 34,514 64,000 53.93%

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'a" 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.

Newtek Business Services, Inc. (NASDAQ: NEWT), together with its subsidiaries, operates as a distributor of business services to small-and medium-sized businesses in the United States. It provides electronic payment processing services, including credit card, debit card, check conversion, and ACH solutions; Web hosting and related services, including domain registration and online shopping cart tools, as well as Linux-based Web hosting and Web-based data storage and back-up. The company also originates, sells, and services small businesses loans by the U.S. Small Business Administration to acquire commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions. In addition, it offers insurance services, including commercial, health and benefits, and personal lines of insurance; accounts receivable purchasing and financing services; Web design and development services; off-site data backup, storage, and retrieval services; and payroll management processing and employee tax filing services. The company has strategic partnerships and contracts with Credit Union National Association; PSCU Financial Services; and Fiserv Solutions, Inc. Newtek Business Services, Inc. was founded in 1998 and is headquartered in New York, New York.

Standard Parking Corporation (NASDAQ: STAN) provides parking facility management services in the United States and Canada. It offers on-site management services at multi level and surface parking facilities for markets of the parking industry. The companya�s services include collection and deposit of parking revenues; housekeeping; restriping of the parking stalls; maintenance of parking equipment, such as ticket dispensing machines, parking gate arms, and fee computers; painting of walkways, curbs, ceilings, walls, and other facility surfaces; and snow removal from sidewalks and driveways. It also offers shuttle bus vehicles and drivers to operate them in support of on-airport car rental operations, as well as private off-airport parking locations; and ancillary ground transportation services, such as taxi and livery dispatch services, concierge-type ground transportation information, and support services for arriving passengers. In addition, the company provides shuttle bus services, on-street parking meter collection, and other parking enforcement services for municipalities, as well as valet parking and shuttle bus services within the medical center and hospital markets. Standard Parking Corporation serves private and public owners; and managers and developers of office buildings, residential and commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels, and hospitals and medical centers. As of December 31, 2008, it managed approximately 2,200 locations containing approximately one million parking spaces, as well as 133 parking-related and shuttle bus operations serving 63 airports. The company was founded in 1929 and is based in Chicago, Illinois. Standard Parking Corporation is a subsidiary of Steamboat Industries LLC.

Federal-Mogul Corporation (NASDAQ: FDML) manufactures and distributes parts, components, modules, and systems to customers in the automotive, small engine, heavy-duty, marine, railroad, aerospace, and industrial markets worldwide. It operates primarily through four segments: Powertrain Energy, Powertrain Sealing and Bearings, Vehicle Safety and Protection, and Automotive Products. The Powertrain Energy segment offers pistons, piston rings, piston pins, cylinder liners, valve seats and guides, and transmission components used in automotive, light truck, heavy-duty, industrial, marine, agricultural, power generation, and small air-cooled engine applications. The Powertrain Sealing and Bearings segment offers dynamic seals, bonded piston seals, combustion and exhaust gaskets, static gaskets and seals, rigid heat shields, engine bearings, industrial bearings, and bushings and washers for engine, transmission, and driveline systems. The Vehicle Safety and Protection segment supplies protection products, including brake disc pads, brake linings, brake blocks, element resistant systems, protection sleeving products, and flexible heat shields used in the automotive, motorcycle, heavy-duty, commercial/industrial, aerospace, railway, and consumer products markets. The Automotive Products segment offers brake system, chassis parts, windshield wiper parts, components in the fuel delivery system, ignition products, and automotive lighting products. The companya�s principal customers include original equipment manufacturers of vehicles and industrial products, and aftermarket retailers and wholesalers. It has a joint venture agreement with KAMAZ Inc. to produce pistons, piston rings, and cylinder liners. The company was founded in 1899 and is headquartered in Southfield, Michigan. Federal-Mogul Corporation operates as a subsidiary of Icahn Enterprises, L.P.

Shinhan Financial Group Co., Ltd. (NYSE: SHG), together with its subsidiaries, provides financial products and services to corporations, governments, institutions, and individuals in Korea. The companya�s deposit products include demand, savings, mutual installment, housing subscription time, and housing subscription installment savings deposits; certificates of deposit; and time deposits, such as tax savings accounts for high net worth customers, savings accounts for household financing, and foreign currency deposits. Its portfolio of loans comprises mortgage and home equity loans; other consumer loans; working capital loans, which include discounted notes and trade financing; and facilities loans to finance the purchase of equipment and construction of manufacturing plants. The company also provides investment banking services, including real estate, project, infrastructure, and structured financing; equity investments/venture investments; initial public offerings; merger and acquisition advisory; bonds issuance; underwriting; convertible bonds and bonds with warrants, and asset-backed commercial papers issuance; securitization; and derivatives services, such as securities and derivative products, and foreign exchange trading. In addition, it provides leasing and equipment financing services; and brokerage services, including brokerage of stocks, corporate bonds, futures, and options. Further, the company provides treasury and securities investment, trust account management, credit card services, loan collection and credit reporting, asset management, life and non-life insurance, and regional banking services. As of December 31, 2008, it had 1,052 branches in Korea. The company has operations in the United States, Canada, the United Kingdom, Japan, the Peoplea�s Republic of China, Germany, India, Hong Kong, Vietnam, Cambodia, Kazakhstan, and Singapore. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, Korea.

Computer Task Group, Incorporated (NASDQAQ: CTGX) provides information technology solutions and staffing services primarily in North America and Europe. The company recruits, retains, and manages IT talent primarily for technology service providers. It also supports companies and organizations that need to augment their own IT staff. The companya�s IT solutions services include selection and implementation of packaged software, as well as the design, development, testing, and integration of new systems; and the development and implementation of customized software and solutions. Its IT solutions also comprise application management outsourcing that includes support of single or multiple applications and help desk functions. The company focuses on technology service providers, healthcare, and financial services markets. Computer Task Group, Incorporated was founded in 1966 and is headquartered in Buffalo, New York.

Commtouch Software Ltd. (NASDAQ: CTCH), through its subsidiary, Commtouch Inc., develops and provides email defense solutions to enterprise customers, and original equipment manufacturer licensees and enterprises. Its solutions include anti-spam, virus outbreak detection, and global view mail or Internet protocol reputation services, as well as Web security engine solutions. The company also offers product Recurrent Pattern Detection technology, which analyzes messages associated with mass email outbreaks and directs the blocking of such emails without the need to analyze individual messages; and URL filtering solution that analyzes various feeds from worldwide sources pertaining to URLs. In addition, it offers a software development kit comprising various components, which enable third-party vendors to integrate anti-virus applications, content filtering solutions, firewall systems, security servers, and other network appliances; and an enterprise anti-spam and Zero-Hour virus outbreak detection solution, which includes a software element or the Enterprise Gateway, and a service component, or a Commtouch Detection Center. The companya�s Enterprise Gateway filters messages at the customer organizationa�s entry point, before being distributed to recipients, with added user-level controls and a secure spam and virus detection services. Its Detection Center collects information from various sources about new attacks, analyzes the input using Commtouch patented technology, identifies and detects spam/viruses, classifies the data, matches its stored information against outstanding queries for spam/virus detection from Enterprise Gateways, and replies in back to the Enterprise Gateways with a prioritized resolution. The company offers its solutions to small, medium, and large enterprises through various third party distribution channels to customers in Israel, North America, Europe, and Asia. Commtouch Software Ltd. was founded in 1991 and is headquartered in Netanya, Israel.

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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.

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