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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Investor2 who wrote (1951)	12/28/1997 1:44:00 AM
From: donss	Read Replies (4) of 3696

I looked up the short interest for the last 6 months (WSJ -IE): 7/24/97: 1.27M 8/26/97: 1.11M 9/24/97: 1.55M 10/24/97: 1.68M 11/25/97: 3.44M 12/24/97: 4.31M It looks like the short interest doubled just after UTEK missed their 3Q earnings on 10/23/97 and the Asian thing started. According to Yahoo the Float for UTEK is 14.3M, and short interest is 30% of this. Since shorted shares have to be borrowed from a "long" who has shares in a margin account, I don't think there would be any additional shares left to short. I don't understand why the SI is still so high, do the shorts really expect more downside beyond what we have experienced? -Don

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