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

^{Published on 2009-10-29 16:51:41, Last Modified on 2010-12-22 17:23:16 - WOPRAI}
 

October 30, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Thursday, October 29th, 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. AmericanWest Bancorp (NASDAQ: AWBC), Advent Software (NASDAQ: ADVS), BJs Restaurants (NASDAQ: BJRI), NetScout Systems (NASDAQ: NTCT), IberiaBank (NASDAQ: IBKC) and AudioCodes (NASDAQ: AUDC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Symbol Short Volume Total Volume Percent

AWBC 49,275 72,542 67.93%

ADVS 68,338 134,386 50.85%

BJRI 277,782 563,956 49.26%

NTCT 108,220 221,968 48.75%

IBKC 164,608 337,877 48.72%

AUDC 93,637 199,682 46.89%

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.

AmericanWest Bancorporation (NASDAQ: AWBC) operates as the bank holding company for AmericanWest Bank, which provides various financial services in eastern and central Washington, northern Idaho, and Utah. Its deposit products include checking accounts, NOW accounts, money market demand accounts, savings accounts, and time deposits. The companya�s loan portfolio consists of commercial real estate loans; construction, land development, and other land loans; commercial and industrial loans; agricultural loans; residential real estate loans; and installment and other loans. It also offers various services, including ATM and debit cards, pre-paid gift cards, wire transfers, official checks and money orders, online banking and bill payment, safe deposit boxes, and night deposit boxes; and commercial services, which comprise ACH origination, merchant bankcard services, remote capture, sweep accounts, and currency services. As of January 30, 2009, the company had 58 banking locations, including 31 in eastern and central Washington, 9 in northern Idaho, and 18 in Utah. AmericanWest Bancorporation was founded in 1974 and is headquartered in Spokane, Washington.

Advent Software, Inc. (NASDAQ: ADVS) provides integrated software solutions for automating and integrating data and work flows across investment management organizations, as well as the information flows between the investment management organization and external parties in the United States and internationally. The company develops, markets, and sells stand-alone and client/server software products, data and data interfaces, and related maintenance and services that automate, integrate, and support the functions of the front, middle, and back offices of investment management organizations. It also sells software and services for grant management, matching gifts, and volunteer tracking for the grantmaking community. In addition, the company provides professional services, such as consulting, project management, implementation, integration, custom report writing, and training. Its clients include asset managers, registered investment advisors, prime brokers, fund administrators, hedge funds, family offices, and banks and trusts, as well as corporations, foundations, and non-profit organizations that provide grants to non-profit organizations. Advent Software, Inc. was founded in 1983 and is headquartered in San Francisco, California.

BJs Restaurants, Inc. (NASDAQ: BJRI) owns and operates casual dining restaurants in the United States. The company operates restaurants under the BJa�s Restaurant & Brewery brand name, which includes a brewery within the restaurant; BJa�s Restaurant & Brewhouse that receives the beer it sells from its breweries or an approved third party craft brewer of proprietary recipe beers; and BJa�s Pizza & Grill, which is a smaller format, full service restaurant. As of December 30, 2008, it owned and operated 82 casual dining restaurants located in California, Texas, Arizona, Colorado, Oregon, Nevada, Florida, Ohio, Oklahoma, Kentucky, Indiana, Louisiana, and Washington, as well as licenses 1 restaurant in Lahaina, Maui. The company was founded in 1991 and is based in Huntington Beach, California.

NetScout Systems, Inc. (NASDAQ: NTCT) designs, develops, manufactures, markets, sells, and supports application and network performance management solutions worldwide. The companya�s nGenius Service Assurance Platform, an integrated appliance-based software solution, monitors, collects, and publishes information on the behavior of individual applications and services, such as voice over Internet protocol, streaming media, electronic trading, supply chain management, interactive smart phone applications, and customer relationship management; and the performance of the underlying network, such as routers, switches, and communication links, as well as the level of activity by end-users or subscribers. Its nGenius Service Assurance Platform consists of integrated hardware and software components, including data collection via nGenius Probes and nGenius InfiniStreams; and information filtering, aggregation, recording, analysis, and presentation via Sniffer Intelligence, Sniffer Portable, nGenius Performance Manager, and nGenius K2 software applications. The company serves corporations, government agencies, communications service providers, and other organizations with high-speed computer networks in the financial services, technology, telecommunications, manufacturing, healthcare, and retail industries. It markets and distributes its products through direct sales force and channel partners, including distributors, resellers, service providers, and systems integrators in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1984 and is headquartered in Westford, Massachusetts.

IBERIABANK Corporation (NASDAQ: IBKC) operates as the holding company for IBERIABANK that offers commercial and retail banking products and services in the United States. It primarily engages in generating deposits and originating loans. The companya�s deposit products primarily include NOW accounts, savings and money market accounts, and certificate of deposits. Its loan portfolio comprises commercial loans, including real estate loans and business loans; mortgage loans consisting of residential one to four family loans and construction loans; and loans to individuals, such as indirect automobile loans and home equity loans. IBERIABANK Corporation also offers brokerage, title insurance, and loan closing services, as well as wealth management services. As of December 31, 2008, it operated 150 combined offices, including 88 bank branch offices in Louisiana, Arkansas, and Tennessee; and 26 title insurance offices in Arkansas and Louisiana. The company was founded in 1887 and is headquartered in Lafayette, Louisiana.

AudioCodes Ltd. (NASDAQ: AUDC) designs, develops, and sells products for voice, data, and video over IP networks. The company offers networking products, such as media servers, security gateways, session border controllers, and media gateways; and session border controllers, which enable connectivity, policies, and security for real-time sessions, such as VoIP and video. Its media gateways enable voice, video, data and fax to be transmitted over Internet and other protocols, and interface with third party equipment to facilitate enhanced voice and data services; and security gateways enables secure real-time sessions on WIFI, broadband, and wireless networks in fixed mobile convergence deployments. The company also provides unified communication applications, which enable the integration of voice, data, fax, and messaging; and signal processor chips process and compresses voice, data, and fax, as well as enables connectivity between traditional telephone networks and packet networks. In addition, it offers communications boards and modules for communication system products that are deployed on access networks and enterprise networks; IP phones; and multi-service business gateways, which include an integration of multiple data, telephony, and security services into a single device. Further, the company provides voice over packet processors, VoIP communication boards, media processing boards, and voice and data logging hardware integration board products; and element management system for standards-based management of VoP gateways. It sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, systems integrators, and distributors in telecommunications and networking industries. AudioCodes Ltd. was founded in 1992 and is based in Lod, Israel.

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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'a"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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