SGTL - short interest update-
Short interest increased again in January. It increased from 3,643,762 shares in December to 4,415,407 in January. Total outstanding is 37.39M shares, which more than 10% is short. Obviously, I think the Dec shorties are late to the party, but the way the stock acted the past week when everything else rebounded, sure doesn't bode well for Tuesday after the bell.
Responding ToMessage #140 from Rutgers at 12/28/2005 5:40:58 PM
SGTL - status update -
Short interest increased again in December. It is now up to 3,643,762 shares. Total outstanding is 37.39M shares, which means almost 10%. Hmmmm...the 2006 Consumer Electronics Show (CES), is January 5-8, at the Las Vegas Convention Center...this one has to be a poster-child for tax loss selling and, if I am short, how pretty am I sitting [if I could just get to January for tax purposes - as of ~January 15, 2005 SGTL had 1,531,389 shares short (and this was a 52% increase since Dec. '04)].
Feb: 1,657,209
Mar: 2,503,208
Apr: 2,266,817
May: 3,613,843
June: 4,599,295
3,184,629
3,869,368
4,025,208
Oct 4,082,155
finance.messages.yahoo.com.
FROM PRIOR POST at 12/27/2005 8:40:02 AM
forbes.com.
SigmaTel (nasdaq: SGTL - news - people ) designs analog and mixed-signal integrated circuits for a variety of consumer electronics, including the iPod Shuffle from Apple Computer (nasdaq: AAPL - news - people ). SigmaTel started 2005 well, guiding analysts’ estimates higher, but by midyear a reversal of fortunes led to weaker-than-expected results and downgrades. Further guidance reductions followed in October, pushing the stock below $13, 71% off its 2005 high. The company has no debt, plenty of cash and good cash flow.
FROM PRIOR POST OF 10/10/2005
They warned after the bell. Hmmm, I don't like this one bit. If this wasn't such a value play, I would cut her loose right here. But, the conf call was about as positive as it could be under the circumstances. And ML has said that mgt is great and I do like the acquisition moves. Thus, I will likely stick around until at least the conf call on the 25th (two weeks) and listen to 4th Q guidance. But, if there is no tangible to, I will cut bait. They warned on Q2 and now on Q3, which is now two red flags. One more and .... of course, with such high short interest, and with what they have coming down the pike in '06, this appears to be the golden oppty for shorts to cover. Of course, I have been wrong on this one for sure. And it sure w/n hurt if (1) they also announced a stock repurchase plan; and (2) officers stopped selliing albeit from a 10b5.
forbes.com. |
