47.5% Of All NYSE Trading Monday Was Short Selling. BAA, URZ, VGZ, DDS, SVM, VOD Highest % Of Daily Trading Volume Short
October 20, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, October 19th, 2009 and come to the following statistical conclusions. There were 6,537 stocks with daily short volume reported and total NYSE trading volume of 974,807,170 shares. Total Daily Short Volume was 463,033,880 shares. 47.5% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. BANRO Crop (AMEX: BAA), Uranerz Energy (AMEX: URZ), Vista Gold Corp (AMEX: VGZ), Dillards (NYSE: DDS), Silvercorp Metals (AMEX: SVM) and Vodafone Group (NYSE: VOD). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Symbol Short Volume Total Volume Market Percent
20091019 BAA 53,300 60,000 P 88.83%
20091019 URZ 52,579 60,785 P 86.50%
20091019 VGZ 142,512 169,614 P 84.02%
20091019 DDS 144,087 173,128 P 83.23%
20091019 SVM 56,057 68,680 P 81.62%
20091019 VOD 612,676 785,072 P 78.04%
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.
Banro (AMEX: BAA) is a Canadian-based gold exploration company focused on the development of four major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre-long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the DRC. Led by a proven management team with extensive gold and African experience, the Company is commencing construction of "phase one" of its flagship Twangiza project and to that end has acquired a gold plant capable of treating 1.3 million tonnes of ore per year. Banro's strategy is to unlock shareholder value by increasing and developing its significant gold assets in a socially and environmentally responsible manner.
Uranerz Energy Corporation (AMEX: URZ), an exploration stage company, engages in the acquisition, exploitation, and development of uranium resources. The company principally focuses on the exploration of its properties in the Powder River Basin area of Wyoming, as well as owns interests in properties in the Great Divide Basin area of Wyoming, Texas and in Saskatchewan, Canada. Uranerz Energy Corporation has a strategic alliance with Black Range Minerals Limited. As of March 31, 2009, it owned 33,972 acres in the Powder River Basin area of Wyoming; and 90,210 acres in the Arkose Mining Venture properties. The company was formerly known as Carleton Ventures Corp. and changed its name to Uranerz Energy Corporation in July 2005. Uranerz Energy Corporation was founded in 1999 and is based in Casper, Wyoming.
Vista Gold Corp. (AMEX: VGZ) engages in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects in North America, Australia, and Indonesia. It also explores for silver and copper ores. The company was founded in 1983 and is based in Littleton, Colorado.
Dillards, Inc. (NYSE: DDS) operates as an apparel and home furnishing retailer in the United States. The companya�s retail department stores offer a selection of merchandise, including apparel for men, women, and children, as well as accessories, cosmetics, shoes, and home furnishing and other consumer goods. Its merchandise selections include lines of brand merchandise, such as Antonio Melani, Gianni Bini, Roundtree & Yorke and Daniel Cremieux. As of January 31, 2009, Dillarda�s, Inc. operated 315 retail department stores in 29 states. The company also sells its merchandise online through its Website, www.dillards.com. It also operates as a general contracting construction company. The company was founded in 1938 and is based in Little Rock, Arkansas.
Silvercorp Metals Inc. (AMEX: SVM), together with its subsidiaries, engages in the acquisition, exploration, development, and mining of silver, gold, lead, and zinc related mineral properties in the Peoplea�s Republic of China. It operates four silver-lead-zinc mines in Ying Mining Camp, Henan Province; is developing the GC&SMT property in Guangdong Province. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
Vodafone Group Plc (NYSE: VOD) provides mobile communications services in Europe, the Middle East, Africa, the Asia Pacific, and the United States. It offers voice services, such as mobile voice communications and voice roaming; messaging services, including text, picture, and video messaging on mobile devices; data services, such as email, mobile connectivity, Internet on mobile, and data roaming; and fixed broadband services, fixed voice and data solutions, mobile advertising, and business managed services. The company also provides various devices, such as handsets, mobile data cards, and mobile USB modems. As of March 31, 2009, it had 302 million proportionate customers. The company was formerly known as Vodafone AirTouch plc and changed its name to Vodafone Group Plc in July 2000. Vodafone Group Plc was founded in 1984 and is based in Newbury, the United Kingdom.
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