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Technology Stocks : Cymer (CYMI)
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To: KellyW who wrote (10724)11/29/1997 9:25:00 PM
From: Zeev Hed  Read Replies (2) of 25960
 
Kelly, the short interest is not too big by normal standards (I am still waiting for the November 15th figures, anyone knows why these are not out?) the short position is about 3.6 MM shares or about 1.5 average daily volume. A big chunk could be shorted against the block (a convertible issue at a strike price much higher than current prices). The hedgers will not have the normal urgency to cover as the naked shorts.

Zeev
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