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Conns Inc. (CONN) Daily Short Sale Trading Volume Through 10-20-09

^{Published on 2009-10-21 07:33:54, Last Modified on 2010-12-22 17:19:02 - WOPRAI}
 

October 21, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Tuesday, October 20th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Conns Inc. (NASDAQ: CONN) for August through October 20th, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Short Volume Total Volume Percent

10/20/2009 497,837 2,570,604 19.37%

10/19/2009 33,358 177,500 18.79%

10/16/2009 24,540 99,400 24.69%

10/15/2009 45,962 162,800 28.23%

10/14/2009 29,879 98,100 30.46%

10/13/2009 14,492 46,800 30.97%

10/12/2009 20,804 144,600 14.39%

10/9/2009 8,141 39,200 20.77%

10/8/2009 14,888 75,600 19.69%

10/7/2009 24,368 86,800 28.07%

10/6/2009 19,599 78,400 25.00%

10/5/2009 22,053 91,400 24.13%

10/2/2009 22,290 65,100 34.24%

10/1/2009 53,120 199,100 26.68%

Total 2,415,407 10,470,552 23.07%

* Daily Short Volume chart has been truncated for viewing purposes. Totals included short volumes starting August 3, 2009 and through yesterdays close.

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 exchanges 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.

Conn's, Inc. (NASDAQ: CONN), through its subsidiaries, operates as a specialty retailer of home appliances and consumer electronics in the United States. It sells home appliances, including refrigerators, freezers, washers, dryers, and dishwashers; and various consumer electronics, such as camcorders, digital cameras, computers and computer accessories, Blu-ray and DVD players, video game equipment, portable audio, MP3 players, GPS devices, and home theater products, as well as LCD, plasma, and DLP televisions. The company also offers home office equipment, lawn and garden equipment, mattresses, and furniture. In addition, Conna�s sells its products online through its Web site, www.conns.com. As of January 31, 2009, it operated 75 retail and clearance stores located in Texas, Louisiana, and Oklahoma. The company was founded in 1890 and is headquartered in Beaumont, Texas.

BUYINS.NET, www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

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Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks

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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 2,750,000,000 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 months 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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