Fri, Jul 25, 2014, 8:26 AM EDT - U.S. Markets open in 1 hr 4 mins

Recent

% | $
Click the to save as a favorite.

Advanced Battery Technologies, Inc. Message Board

  • waldoa@aol.com waldoa Apr 29, 2013 2:53 PM Flag

    Size of ABAT short position before Friday's very positive settlement announcement

    Does anyone have any good data on the size of the ABAT shares sold short position (excluding naked shorts) just prior to last Friday's very positive settlement announcement?

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I suspect that the number of "naked" shorts in ABAT is negligible, if there are any at all. Volume and "fails" data from march serve to illustrate:

      Date TVOL SVOL FTD
      03-01-13 80,750 20,050 -0-
      03-04-13 49,922 15,963 -0-
      03-05-13 88,080 35,620 2,126
      03-06-13 63,955 -0- -0-
      03-07-13 19,300 2,000 -0-
      03-08-13 91,748 6,887 1,156
      03-11-13 54,000 5,650 -0-
      03-12-13 62,062 18,500 2,156
      03-13-13 41,541 -0- 131
      03-14-13 20,500 771 1,534
      03-15-13 50,540 -0- -0-
      03-18-13 79,912 2,000 4,026
      03-19-13 67,787 1,363 -0-
      03-20-13 30,802 300 -0-
      03-21-13 85,579 2,048 -0-
      03-22-13 75,328 6,997 -0-
      03-25-13 30,870 -0- -0-
      03-26-13 85,512 15,000 274
      03-27-13 53,443 15,041 -0-
      03-28-13 9,816 6,150 -0-

      "TVOL" is "Tape" volume; "SVOL" is daily short volume (sourced from FINRA), and "FTD" is fails to deliver (sourced from the SEC).

      Tape volume is verified via FINRA, but on rare occasions doesn't match up. In this case, on 22 March, FINRA shows a daily volume of only 72,328 shares; daily time and sales data reveal two trades of 1,500 shares each that occurred seconds after the 1600 closing bell, which were evidently included on the tape, but not recognized by FINRA.

      The salient point is that the "fails" in ABAT are sporadic, and are frequently resolved. If there was a persistent "naked" short position, fails would also be persistent. (The SEC publishes fails data roughly every two weeks. The most recent report available as of today is for 2nd half March; 1st half April should be available some time next week.)

    • 673,068 on April 15th.

 
ABAT
0.3299+0.0199(+6.42%)Jul 24 3:26 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.