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Technology Stocks : Avant (AVNT)
AVNT 37.42+2.4%Feb 3 3:59 PM EST
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To: Cosmo Daisey who wrote (667)9/25/1997 3:23:00 PM
From: fut_trade   of 3441
 
Just a little math --

Float = 15.5M
Short Interest ~ 4M (My guess)
Daily volume ~ 400,000

Assumming 2/3 of the trades are between MM's that makes about
133,333 trades between investors per day.

Of the actively traded shares 26% have been shorted.
Given 133,333 shares traded per day and short interest of 4M,
It would take shorts 30 days to cover. I like these numbers :o)

Peter (watch out for the short buster)
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