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49.51% Of All NYSE Trading Friday Was Short Selling. NTT, CRI, OIS, AEA, ED, ETH Highest % Of Daily Trading Volume Short

^{Published on 2009-10-25 14:20:05, Last Modified on 2010-12-22 17:15:50 - WOPRAI}
 

October 26, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, October 23rd, 2009 and come to the following statistical conclusions. There were 6,338 stocks with daily short volume reported and total NYSE trading volume of 1,171,825,111 shares. Total Daily Short Volume was 580,236,115 shares. 49.51% of all trading on the NYSE Friday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Nippon Telegraph and Telephone (NYSE: NPP), Carters Inc. (NYSE: CRI), Oil States Internationa (NYSE: OIS), Advance America Cash Advance Centers (NYSE: AEA), Consolidated Edison (NYSE: ED) and Ethan Allen Interiors (NYSE: ETH). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net .

Date Symbol Short Volume Total Volume Market Percent

20091023 NTT 98,767 115,558 P 85.47%

20091023 CRI 203,339 238,442 P 85.28%

20091023 OIS 91,718 110,646 P 82.89%

20091023 AEA 39,303 48,703 P 80.70%

20091023 ED 175,110 227,340 P 77.03%

20091023 ETH 41,258 53,758 P 76.75%

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.

Nippon Telegraph and Telephone Corporation (NYSE: NTT) and its subsidiaries provide telecommunications services to residential and business customers in Japan. The company offers fixed and mobile voice, IP/packet communications, system integration, and other telecommunications related services; sells telecommunications equipment; and operates telephone networks. It provides intra-prefectural and inter-prefectural communications services, international communications services, mobile telephone services, and related ancillary services, as well as network system services. The company also involves in building maintenance, real estate property rental, systems development, leasing, and research and development businesses; and provides data communications services, such as information communications systems and computer networking, as well as strategic planning, systems planning and systems design, and installation of information communications systems and computer networks. As of March 31, 2009, it provided telephone and integrated services digital network services to 42.08 million subscribers; broadband services to 11,134 thousand FLETa�S Hikari subscribers and 3,992 thousand FLETa�S ADSL subscribers; and mobile phone services to 54,601 thousand subscribers. The company was founded in 1952 and is based in Tokyo, Japan.

Carters, Inc. (NYSE: CRI) designs, sources, and markets apparel for babies and young children in the United States. It primarily offers its children wear products under the Cartera�s, Child of Mine, Just One Year, and OshKosh brand names. The company provides a range of products, including bodysuits, pajamas, blanket sleepers, layette gowns, bibs, towels, washcloths, receiving blankets, undershirts, caps, booties, knit and woven cotton apparel, cotton long underwear, sleepwear, play clothes, hosiery, bedding, outerwear, shoes, socks, diaper bags, gift sets, toys, room decor, and hair accessories. It also offers products comprising denim apparel, coordinating garments, overalls, woven bottoms, t-shirts, fleece, and knit tops. The company markets its products to national department stores, chain and specialty stores, off-price sales channels, discount retailers, and outlet and brand retail stores. As of January 3, 2009, it operated 253 Cartera�s and 165 OshKosh outlet and brand retail stores. Cartera�s, Inc. was founded in 1865 and is based in Atlanta, Georgia.

Oil States International, Inc. (NYSE: OIS), through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in three segments: Well Site Services, Offshore Products, and Tubular Services. The Well Site Services segment offers a range of products and services that are used to establish and maintain the flow of oil and gas from a well throughout its lifecycle, and to accommodate personnel in remote locations. It provides drilling services, rental equipment, work force accommodations, catering and logistics services, and modular building construction services. The Offshore Products segment designs and manufactures flexible bearings and connector products; sub sea pipeline products; marine winches, mooring and lifting systems, and rig equipment; and conductor casing connections and pipes; and provides drilling riser repair services, as well as blowout preventor stack assembly, integration, testing, and repair services. The Tubular Services segment distributes a range of casing and tubing products; provides threading, remediation, logistical, and inventory management services; and offers e-commerce pricing, ordering, tracking, and financial reporting capabilities. Oil States International serves national oil companies, major and independent oil and gas companies, and other oilfield service companies in the Gulf of Mexico, U.S. onshore, West Africa, the North Sea, Canada, South America, and southeast and central Asia. The company was founded in 1995 and is based in Houston, Texas.

Advance America, Cash Advance Centers, Inc. (NYSE: AEA) provides payday cash advance services in the United States, the United Kingdom, and Canada. Its payday cash advances include small-denomination, short-term, and unsecured advances that are due on the customer's next payday. The company provides its services primarily to the middle-income working individuals. As of December 31, 2008, it operated 2,767 centers in 33 states in the United States under Advance America and National Cash Advance brand; 20 centers in the United Kingdom; and 10 centers in Canada, as well as had 79 limited licensees in the United Kingdom. The company was founded in 1997 and is headquartered in Spartanburg, South Carolina.

Consolidated Edison, Inc. (NYSE: ED), through its subsidiaries, provides electric, gas, and steam utility services in the United States. It provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County, as well as provides steam service to office buildings, apartment houses, and hospitals in parts of Manhattan. The company also provides electric service to approximately 0.3 million customers in southeastern New York and adjacent areas of northern New Jersey and eastern Pennsylvania, and gas service to approximately 0.1 million customers in southeastern New York and adjacent areas of eastern Pennsylvania. In addition, Consolidated Edison owns, leases, or operates generating plants and participates in other infrastructure projects; sells electricity directly to delivery-service customers of utilities primarily in the northeast and Mid-Atlantic regions; and provides energy-efficiency services, including the design and installation of lighting retrofits, high-efficiency heating, ventilating and air conditioning equipment, and other energy saving technologies to government and commercial customers. It serves residential, industrial, and large commercial customers. The company was founded in 1884 and is based in New York, New York.

Ethan Allen Interiors Inc. (NYSE: ETH), together with its subsidiaries, engages in the design, manufacture, sourcing, sale, and distribution of various home furnishings and accessories, as well as related marketing and brand awareness efforts in the United States. The company also markets home furnishings and accessories to consumers through a network of company-owned design centers. Its products include beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wood accents. The company also offers upholstery home furnishing items, such as sleepers, recliners, chairs, sofas, loveseats, cut fabrics, and leather, as well as home accessory and other items, including window treatments, wall decor, lighting, clocks, bedding and bedspreads, decorative accessories, area rugs, and home and garden furnishings. As of June 30, 2009, Ethan Allen Interiors Inc. operated through 293 retail design centers comprising 159 company-owned and operated centers, and 134 independently-owned and operated centers. The company was founded in 1932 and is headquartered in Danbury, Connecticut.

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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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