Does anyone have an update on the short interest? When I go to NASDAQ site, I can see the latest short interest for some stocks (as of 6/30/2011) but not for others (still showing 6/15/2011).
TLB is one of the stocks that is still only showing the 6/15/2011 figures. Can anyone shed light on this?
<< the way the market is looking imo no QE3 IN THE NEAR term. >>
Tend to agree about the near term since QE2 is suppose to take about 6-8 months after completion to work its way through the system.
However, look at the following headlines for QE3 the past few days:
Today - Wednesday, July 13, 10:52 AM Silver (SLV +5.1%) gains on more reports stockpiles lag global demand, and hints from FOMC minutes - coupled with Bernanke's comments today - suggesting another round of quantitative easing is still on the table. Gainers: Silver Standard (SSRI +6.4%), Endeavor Silver (EXK +5.3%), Silvercorp Metals (SVM +7.9%), Silver Wheaton (SLW +7.2%). Comment! [Commodities, Quick Ideas, On the Move]
Today - Wednesday, July 13, 10:06 AM Stocks fly as Ben Bernanke preps for QE3, telling Congress the Fed is ready to act if the economy weakens. The dollar is getting hammered and commodities are popping. Watch live here. 12 Comments [Breaking News, Top Stories, Financials, U.S. Economy]
Today - Wednesday, July 13, 9:34 AM The rumblings of QE3 grow as Boston Fed chief Rosengren, calling Friday's NFP report "dismal," says the central bank must "maintain sufficiently accommodative monetary policy." T-minus 6 weeks until Jackson Hole. 1 Comment [U.S. Economy]
Tuesday, July 12, 3:03 PM That 70 point pop in the DJIA at 2 ET is likely attributable to this statement from the Fed minutes: "A few members noted ... the committee might have to consider providing additional monetary stimulus." The statement shouldn't be a surprise, but any hint of QE3 is likely to please stocks, at least for a short bit. 4 Comments [U.S. Economy]
Monday, July 11, 5:20 PM In economist David Rosenberg's view, QE3 is all but inevitable. With unemployment well above the FOMC's year-end projection band of 8.6-8.9%, and higher still from its end-of-2012 projection of 7.8-8.2%, the Fed has no choice but to provide more stimulus. Rosenberg previously gave a 99% chance of a second recession happening. 6 Comments [U.S. Economy]
Friday, July 8, 4:04 PM Alan Greenspan might disagree, but in the aftermath of today's payroll data, Dartmouth professor David Blanchflower believes QE3 is "increasingly on the table." Blanchflower sees parallels between the U.S. today and the U.K.'s situation earlier this year, during which "talk about austerity made consumers rein in their spending." 2 Comments [U.S. Economy]
The short interest in The Talbots (NYSE: TLB), which is considered the most troubled of the large retailers, was higher by 22% to 25.2 million
Read more: Short Sellers Savage Market Laggards - 24/7 Wall St. http://247wallst.com/2011/07/13/short-sellers-savage-market-laggards/#ixzz1RzIKeT5S
they will have to buy back
Wow - good find buckethead.
I don't understand the logic of shorting at these levels but as the article points out, short sellers now seem to be targeting the weaker companies instead of the high flyers. Essentially, the short version of momentum trading.
This could be a macro bet - market is at its highs, economy and the consumer are weak, job growth is negligible, QE is finished, etc. - so pile onto the weakest links in each market segment. This could backfire if the companies report good, or even acceptable results in the upcoming earnings season. Also, could backfire if QE3 is on the horizon - possibility being mentioned after yesterday's Fed meeting.
Just checked it yesterday and it was dated 6/15.
must of just got updated. Sure have alot of shares shorted for a 3 dollar stock really dont see it but to each is own. Any good news will send this flying.
Looks like it's supposed to get release to the public 8 days after the 15th when the firms must report. So the way I'm looking and I might be wrong maybe around the 28th of July.
"Firms are required to report their short positions as of settlement on the 15th of each month. A compilation is published eight business days after".