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Technology Stocks : Log On America, Inc. LOAX

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To: gladman who wrote (276)9/25/1999 6:31:00 PM
From: Fundamentls   of 353
 
Short interest is high, but I don't know where the 1.1 million came from. August short interest was 674,891 shares, almost 10x average daily volume. September Nasdaq data was supposed to be available on Friday 9/24 but was delayed due to a computer problem and hadn't been released as of this posting. The following link brought up the August data at the time of this posting, but should bring up the latest data available if viewed at a later date.

dimgroup.com

One consideration is that LOAX shares have been very difficult to borrow and long-term shorts (including me) are frequently boxed. I don't think 10 days to cover means anything like the same thing on a low-float stock like LOAX as it would on a stock with a larger float where boxing wouldn't be necessary.

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