Short interest fell 3. The past couple of weeks we have seen the second-largest amount of buying by the short sellers ever. Short-sellers borrow shares and then sell them, waiting for the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
Nasdaq:OSTK announces that due to the California Supreme Court's decision last week not to review a lower appellate court ruling, relevant discovery materials gained in its long-fought battle with Goldman Sachs and Merrill Lynch will be released to the public, and it will be proceeding to trial against Merrill Lynch. I look forward to seeing what they have to say about the Wall Street mischief we have discovered, and will now expose in a courtroom. In a suit filed inOverstock.
This copy is for your personal, non-commercial use only. The SEC's new rules designed to reduce naked short-selling appear to have given a major jolt to stocks on the Regulation SHO Threshold List, the SEC's list of stocks with a high level of "fails," meaning shorts that haven't been properly covered. As noted by Nasdaq, the list has three requirements: There are aggregate fails to deliver at a registered clearing agency of 10, shares or more per security.
There are two types of risks that affect the market value of a listed company such as NAKD. The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. The other type of risk, which cannot be diversified away, is market risk. Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.
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View short interest data by settlement date as well as the short ratio as a sentiment indicator for the stocks you follow at NASDAQ. At the security level, Nasdaq shows the volume for executed short sale trades as well as the total trading volume for Nasdaq, BX and PSX markets. Short selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller.
The total aggregate number of shares shorted since August is approximately Approximately This means that for five consecutive settlement days:.
The NYSE is an auction market, so trades occur between buyers and sellers by matching their bid and ask prices respectively. Each company's stock on the NYSE has a specialist who oversees all its trades; this person is not an NYSE employee but someone hired by the listing company. The specialist acts as an auctioneer to match buyers and sellers, as an agent to accept limit orders, and as a human support when markets are frenzied.
Regulation SHO is a regulation implemented on January 3,that seeks to update legislation concerning short sale practices. Regulation SHO established "locate" and "close-out" standards that are primarily aimed at preventing the opportunity for unethical traders to engage in naked short selling practices. The "locate" requirement requires that a broker has reasonable belief that the equity to be short sold can be borrowed and delivered to a short seller on a specific date before short selling can occur.
Add Robert Griefeld to the list of folks who say restrictions on short selling -- such as the short selling ban in financials last autumn -- are totally pointless. Though he is in the camp that thinks naked shorting is a problem, his review of the data suggests that there was no positive effect on stock prices from the move, Griefeld told Congress. The SEC is currently weighing short-selling regulations most likely an uptick rule and faces considerable pressure from politicians and entertainers like Jim Cramerwho has his own fan strong petition in favor of an uptick rule.