Another significant drop in short sales...
A post yesterday on the Yahoo board noted that August short
sales for HDII were down substantially once again (http:/
messages.yahoo.com/bbs?.mm=FN&action=m&board=12779161&tid=hdii&sid=12779161&mid=1542).
Here's the data foe HDII's short interest since last August:
Sht int.Volume Ratio
08/01 289,093 18,000 16.06
09/01 277,649 10,497 26.45
10/01 132,127 33,871 3.90
11/01 126,024 10,815 11.65
12/01 126,879 18,671 6.80
01/02 95,013 25,822 3.68
02/02 70,539 11,337 6.22
03/02 54,598 15,643 3.49
04/02 50,892 14,200 3.58
05/02 257,259 37,680 6.83
06/02 84,942 22,960 3.70
07/02 90,847 31,980 2.84
08/02 42,069 25,637 1.64
Averages over this period:
1. Short interest - 130,610
2. Volume - 21,316
3. Ratio - 7.45
To reiterate the points made in that Yahoo post:
The data reveal a significant and ongoing reduction in short
sales for the stock. This reduction cannot be explained away
changes in volume since a) volume has remained relatively
constant during the period and b) the ratio of short sales to
volume has been declining during the period as well.
Furthermore the August data (short interest down 54% from
July, '02 and down 85% since Aug., '01) is the lowest I can
find in the available stats and the ratio is the lowest on
record as well.
All of this indicates this precipitous decline in short
interest for HDII is due to a change in sentiment by
investors towards the stock. The fact that this pattern is
continuing, even accelerating, at the current time strongly
suggests many folks anticipate additional positive developments
Data - viwes.com
(sorry about the formatting) |
