MB. Thanks for your insight into the ADCT situation. The increase in the short interest relative to the trading volume last month didn't make sense to me. Looks like it didn't make much sense to ADCT either:
Hot off the wire...
ADC Telecommunications, Inc. (ADCT), Short-Interest Correction
WASHINGTON, July 28 /PRNewswire/ -- The Nasdaq Stock Market(R) today announced that the short interest in ADC Telecommunications, Inc., was reported erroneously on July 24, 1998, due to an inaccurate filing
submitted by an NASD member brokerage firm. The correct short interest for ADCT, as of the settlement date July 15, 1998, is 2,572,290 shares, and not 18,720,790 as was reported. This compares to the previous month's short interest figure for settlement date June 15, 1998, of 2,541,434. |
