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OCZ Technology Group Inc Message Board

  • stock98poet stock98poet Sep 28, 2012 2:24 PM Flag

    Most shorted companies announcing earnings

    Most shorted companies announcing earnings
    Fri, 2012-09-28 16:14

    Earnings season is almost over but we see some heavily shorted names in North America, Europe and Asia announcing results.

    North America

    Small cap tech firm OCZ is the most shorted company announcing earnings with 16.5% of its total shares on loan. The company which makers solid-state disk drives, is poised to become a more attractive acquisition target following the resignation of its CEO according to analysts quoted by Bloomberg on 18 September.

    However, demand to borrow the shares has changed little over the past month. The company was more heavily shorted in the summer of 2011 when over 50% of its total shares were out on loan.

    Since then the share price has more than halved and institutional longs have cut their holdings. In doing so, the size of the lending pool has been vastly reduced forcing shorts to cover. The company remains a short squeeze risk, especially if a takeover bid were to emerge at a decent premium to the share price. Four fifths of the shares that can be borrowed are out on loan.

    Sentiment: Strong Buy

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    • ya i just read that, the true link is on the stocktwits board under $OCZ from dronias unless this is you and you can stay silent i understand:)

      • 1 Reply to xtradersdotnet
      • on that note, thats what makes this stock so irrisiable and scary at the same time. 41% would have to cover if a B/O were to happen, and if not and any earnings are on the postive side this thing can explode up.

        but also with short intrest so high, they say shorts are the "smart money" usally they are right more than wrong, so its like fighting an uphill battle, but if they are wrong and they may be then they wiill get burned real bad..

        WOW i have never be involved in a Co.. such as this its really a story of go down in flames or skys the limit...

        short or long G/L..

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