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Fri, October 23, 2009
Thu, October 22, 2009

48.4% Of All NYSE Trading Thursday Was Short Selling. NTZ, JLI, MG, DPZ, EEE, HOS Highest % Of Daily Trading Volume Short


Published on 2009-10-22 16:21:28, Last Modified on 2010-12-22 17:17:14 - WOPRAI
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October 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Thursday, October 22nd, 2009 and come to the following statistical conclusions. There were 6,382 stocks with daily short volume reported and total NYSE trading volume of 1,178,940,820 shares. Total Daily Short Volume was 570,995,372 shares. 48.4% of all trading on the NYSE Thursday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Natuzzi (NYSE: NTZ), Jesup and Lamont (NYSE: JLI), Mistras Group (NYSE: MG), Dominos Pizza (NYSE: DPZ), Evergreen Energy (PCX: EEE) and Hornbeck Offshore Services (NYSE: HOS). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net .

Date Symbol Short Volume Total Volume Market Percent

20091022 NTZ 43,100 46,500 P 92.69%

20091022 JLI 60,500 66,071 P 91.57%

20091022 MG 40,002 47,402 P 84.39%

20091022 DPZ 45,101 53,801 P 83.83%

20091022 EEE 168,743 209,883 P 80.40%

20091022 HOS 25,566 32,770 P 78.02%

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.

Natuzzi S.p.A. (NYSE: NTZ), together with its subsidiaries, engages in the design, manufacture, and marketing of leather and fabric-upholstered furniture primarily in the Americas and Europe. Its products principally include sofas, loveseats, armchairs, sectional furniture, motion furniture and sofa beds, and living room accessories. The company sells its products under the Natuzzi and Italsofa brands. It markets its products on a wholesale basis to retailers and furniture stores through franchised Divani & Divani by Natuzzi and Natuzzi furniture stores; directly owned Natuzzi stores and Divani & Divani by Natuzzi stores; and Italsofa stores. As of April 30, 2009, the company operated 304 stores worldwide. Natuzzi S.p.A. was founded in 1959 and is based in Santeramo, Italy.

Jesup & Lamont, Inc. (NYSE: JLI), through its subsidiaries, provides securities brokerage, investment banking, and market making and order execution services to retail and institutional customers primarily in the United States, Europe, and Asia. It offers brokerage services, including ancillary services, such as market data and financial information, portfolio tracking and records management, account security, and cash management services directly to retail customers, including individuals, and small to mid-sized institutions, such as banks, credit unions, hedge funds, money managers, mutual funds, and pension funds. The company also provides municipal bond and corporate/high yield bond trading, and certificate of deposit underwriting services; and market making and order execution services, which include filling orders received from independent broker dealers to buy or sell domestic or foreign securities for affiliated and unaffiliated broker dealers and institutions. In addition, it offers investment banking and asset management services; and investment advisory services, including investment portfolio planning, recommendations and separate account manager and mutual fund research and due diligence, portfolio performance review and reallocation, and wrap accounts for registered investment advisors. The company was formerly known as Empire Financial Holding Company and changed its name to Jesup & Lamont, Inc. in January 2008. Jesup & Lamont, Inc. was founded in 2000 and is based in Longwood, Florida.

Mistras Group, Inc. (NYSE: MG) and its subsidiaries provide proprietary, technology-enabled non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial, and public infrastructure worldwide. It offers traditional NDT services, such as mechanical integrity services and tank inspection; and advanced NDT services, including automated ultrasonic phased array inspection, guided ultrasonic long wave testing, and advanced infrared inspection. The companya�s software solutions comprise PCMS enterprise software that enables the user to design and develop asset integrity management plans; and application-based software, such as Advanced Data Analysis Pattern Recognition & Neural Networks Software, Acoustic Emission (AE) Software Platform, Loose Parts Monitoring Software, and Automated UT and Imaging Analysis Software. Mistras Group also provides various technology packages, such as TANKPAC that tests to monitor for emissions resulting from active corrosion of the tested infrastructure; MONPAC, an AE system that evaluates the condition of metal pressure systems and tanks; VPAC, which estimates valve leakage; and PowerPAC that detects and locates partial discharge in power transformers by utilizing AE. In addition, the company designs and manufactures AE sensors, instruments, and turn-key systems used for the monitoring and testing of materials, pressure components, processes, and structures; ultrasonic equipments; and vibration sensing products. It serves customers in the oil and gas, power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals, and food processing industries. The company, formerly known as Mistras Holdings Corp., was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

Dominos Pizza, Inc. (NYSE: DPZ) operates as a pizza delivery company in the United States and internationally. The company sells and delivers pizzas under the aDominoa�s Pizzaa� brand name. As of February 24, 2009, it operated a network of 8,773 franchised and company-owned stores. The company was founded in 1960 and is based in Ann Arbor, Michigan.

Evergreen Energy, Inc. (PCX: EEE) operates as a coal refining and production company. Its K-Fuel process uses heat and pressure to physically and chemically transform high moisture and low British thermal unit coals, such as sub-bituminous coal and lignite, into a lower emission fuel for the industrial, international, and public utility market customers. The K-Fuel process also removes mercury amounts and reduces the emissions of carbon dioxide, sulfur dioxide, and nitrogen oxides. The company engages in mining operations at Buckeye location, which includes the ash disposal facility and the blending facility. It also sub-licenses its technology to standardize the measurement of carbon emissions in energy and agricultural related activities. The company was founded in 1981. It was formerly known as KFx, Inc. and changed its name to Evergreen Energy, Inc. in 2006. Evergreen is headquartered in Denver, Colorado.

Hornbeck Offshore Services, Inc. (NYSE: HOS), through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels, and a shore-base to provide logistics support and specialty services to the offshore oil and gas exploration and production industry. It operates in two segments, Upstream and Downstream. The Upstream segment owns and operates fleets of the U.S.-flagged, new generation OSVs, which support deepwater and ultra-deepwater exploration, development, production, construction, installation, maintenance, repair, and enhanced oil recovery requirements of the oil and gas industry primarily in the U.S. Gulf of Mexico, as well as in the international markets. This segment also owns conventional OSVs, work class ROVs and a shore-base facility located in Port Fourchon, Louisiana. In addition, the segment provides vessel management services for other vessels owners, which comprise crewing, daily operational management and maintenance activities. The Downstream segment owns and operates a fleet of ocean-going tugs and tank barges that transport petroleum products, primarily in the northeastern United States, the Gulf of Mexico, the Great Lakes, and Puerto Rico. These tugs and tank barges provide coastwise transportation of refined and bunker grade petroleum products, as well as offer other services, including the support of deepwater well testing and other applications for refining, marketing, and trading companies. As of December 31, 2008, Hornbeck Offshore Services owned and operated a fleet of 39 new generation OSVs and 6 conventional OSVs, and 17 ocean-going tugs. The company was founded in 1997 and is headquartered in Covington, Louisiana.

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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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