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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: George Dawson who wrote (20904)2/27/1999 8:44:00 AM
From: Nine_USA  Read Replies (2) of 29386
 
George,

Wouldn't the short level for ANCR currently be
half of what it was a year ago, since shares outstanding
has doubled?

When a stock splits, the number of shares short will
double. But nothing meaningful has changed since the
total shares outstanding has also doubled.

I would use the number of shares short as a percentage
of total shares outstanding as a more useful measure.

ANCR is now 1.92% short.
....a year ago, 3.58% short.
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