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STEC, Inc. Message Board

  • dbrewerm dbrewerm Jan 16, 2010 4:33 PM Flag

    January Short Interest UP again- now 42.39%

    Short Interest (Shares Short) 13,427,600
    Days To Cover (Short Interest Ratio) 2.1
    Short Percent of Float 42.39 %
    Short Interest - Prior 12,603,000
    Short % Increase / Decrease 6.54 %

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    • Somebody must know something

    • I think it just makes a better case for a short squeeze as many (who knows how many?) of those shares are naked shorts.

      The SEC hasn't done much of a job stopping naked shorting. OSTK used to have a 400% short ratio. How's that even possible?

      SO- when the shorts are forced out of their hand we hit $43.

      • 2 Replies to calisdad3
      • I do agree with you that as STEC rises, the oversize short interest becomes an increasing burden on the shorts.

        First off, margin balances required by lending brokers are now rising. The shorters cannot stop that process unless they cover their shorts.

        Secondly, the cost/difficulty of obtaining new shares to borrow/short is also likely to be rising if possible at all.

        The fundamentals STEC has going for it are 1)no debt, 2)large cash balances and 3) a first mover role in the rapidly expanding SSD market. I simply can't figure out how the shorts got into the position they did in a stock like STEC.

        Certaily, at a price of 35, I can see their point. But 19 is different.

        I do remember the OSTK shorting saga, but I had forgotten it had reached 400% of outstanding shares.

        Is that possible?

        Theoretically, it shouldn't be possible.

        But in the sleazy world of SEC regulation, the rules are set so that it can and does happen.

        Naked shorting is as illegal as counterfeiting of the US doller. Counterfeiters go to jail. Naked shorters laugh on the way to the bank.

        Usually.

        specsit.

        I am long STEC.

      • VMW once had a short pot of around 43%. The short position now is only around 2%.

        Look forward to a large boost in stock price in the future.

    • So about half of the shares bet on its fall soon? I just don't know why its short interests are so high. Any idea?

    • Your headline is not accurate.

      The first information the market will get on January 2010 short interest will be on Jan 28.

      That will be for the period ending Jan 15,2010.

      specsit.

      I am long STEC.

      • 1 Reply to specsit2000
      • It's accurate. Check the Date at the bottom. End of January comes out in early FEB.:

        STEC Inc. $ 19.06
        STEC -0.22

        Short Interest (Shares Short) 13,427,600
        Days To Cover (Short Interest Ratio) 2.1
        Short Percent of Float 42.39 %
        Short Interest - Prior 12,603,000
        Short % Increase / Decrease 6.54 %
        Short Squeeze Ranking™ 312

        % From 52-Wk High ($ 42.50 ) -122.98 %
        % From 52-Wk Low ($ 3.70 ) 80.59 %
        % From 200-Day MA ($ 24.98 ) -31.06 %
        % From 50-Day MA ($ 14.86 ) 22.04 %
        Price % Change (52-Week) 350.50 %

        Shares Float 31,674,202
        Total Shares Outstanding 50,264,383
        % Owned by Insiders %
        % Owned by Institutions %
        Market Cap. $ 958,039,140
        Trading Volume - Today 2,978,991
        Trading Volume - Average 6,403,700
        Trading Volume - Today vs. Average 46.52 %
        Earnings Per Share 0.90
        PE Ratio 21.20
        Record Date 2010-JanA

 
STEC
6.840.0000(0.00%)Sep 12 4:00 PMEDT