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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.74+0.1%1:12 PM EST
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To: umbro who wrote (11771)7/26/1998 12:33:00 AM
From: Jan Crawley  Read Replies (3) of 164684
 
Date Short Int. Ave Vol. Days to Cover Price %Float
07/98 7315908 6115400 1.19 99.50 67
06/98 8745144 2073044 4.22 61.00 80
05/98 8625816 2347938 3.67 45.69 78

Gary,

If the float is 11 Million shares, less 7.3 million short interests, then the Float controllers control no more than 3.7 million shares? Somehow it does not make sense.

Why does the short interest remain so high?? after 6 weeks' intense pressure...B/C:

1. Short interests are controlled by well-capitalized professional shorts..?
2. Shorts have been boxing, not covering..?
3. The float controllers are major short sellers of Amzn...?

Ty, Jan

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