Sigma Designs (SIGM) Daily Short Sale Trading Volume Through 11-11-09. Over 10.8 Million Shares Shorted in Past 3 Months.
November 11, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Wednesday, November 11, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Sigma Designs (NASDAQ: SIGM) for August through November 11th, 2009. Over 10.8 million shares have been shorted since August 3, 2009. SIGM has dropped from $17.45 to $11.00 since August 26, 2009. There has been a $172 million drop in market cap in the past 10 weeks ($6.45 decline on 26.77 million shares outstanding). SIGM management and shareholders should contact tom@buyins.net immediately to discuss solutions to the short selling problem in its shares. For access to real-time, daily and monthly short sale trading statistics along with technologies designed to protect your investments from abusive, manipulative or illegal trading, go to http://www.buyins.net .
Date Short Volume Total Volume Percent
11/11/2009 650,117 2,930,561 22.18%
11/10/2009 74,594 293,900 25.38%
11/9/2009 84,963 451,600 18.81%
11/6/2009 63,311 329,500 19.21%
11/5/2009 127,472 736,300 17.31%
11/4/2009 138,193 456,400 30.28%
11/3/2009 155,837 424,600 36.70%
11/2/2009 128,979 557,800 23.12%
10/30/2009 90,683 471,200 19.25%
10/29/2009 148,304 534,000 27.77%
10/28/2009 171,606 908,600 18.89%
10/27/2009 137,824 505,600 27.26%
10/26/2009 144,857 751,200 19.28%
10/23/2009 162,155 733,300 22.11%
10/22/2009 125,551 655,700 19.15%
10/21/2009 72,031 371,900 19.37%
10/20/2009 85,949 509,600 16.87%
10/19/2009 66,553 538,600 12.36%
10/16/2009 91,651 602,600 15.21%
10/15/2009 95,272 594,100 16.04%
10/14/2009 238,464 1,321,100 18.05%
10/13/2009 503,936 1,401,600 35.95%
10/12/2009 36,493 182,500 20.00%
10/9/2009 56,989 288,400 19.76%
10/8/2009 62,269 396,400 15.71%
10/7/2009 104,843 506,700 20.69%
10/6/2009 42,640 223,200 19.10%
10/5/2009 74,781 360,700 20.73%
10/2/2009 111,177 408,800 27.20%
10/1/2009 123,978 558,700 22.19%
Total 10,876,134 53,453,256 20.35%
* Daily Short Volume chart has been truncated for viewing purposes. Totals include 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.
Sigma Designs, Inc. (NASDAQ: SIGM) provides integrated system-on-chip solutions (SoC) for the IPTV, connected media player, prosumer and industrial audio/video, HDTV, and wireless markets primarily in Asia, Europe, and North America. The company offers semiconductors with a suite of real-time software that enables synchronous processing of video, audio, and graphics streams for various applications; and software available under Microsoft WinCE and Linux operating systems with support for applications, such as Internet protocol video streaming, video-on-demand, DVD navigation, personal-video-recording, multi-window video, and terrestrial broadcast reception. Its product line includes digital media processor SoCs and ultra-wideband dual chip solutions used in various applications, such as IPTVs, Blu-ray players/recorders, digital media adapters, personal computers and peripherals, high definition TVs, and audio-video receivers. The company also provides VXP video image processing products that enable studio-quality video output for professional and prosumer applications, such as audio video receivers, broadcast studios, digital cinema, digital signage, front-projection home theatre televisions, HDTV, medical imaging, and video conferencing systems. Further, its Z-wave devices products line offers RF communication solutions that provide home control of security, monitoring, and automation. Additionally, the company provides software elements, such as multimedia library that performs video decoding, graphics acceleration, display output, audio decoding, transport demultiplexing, and sample playback applications; security management software; and porting adaptations. It also offers PC-based solutions under the NetStream and REALmagic Xcard brand names. Sigma Designs, Inc. sells its products through direct sales force, manufacturer representatives, and independent distributors. The company was founded in 1982 and is headquartered in Milpitas, California.
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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