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Biotech / Medical : QLT PhotoTherapeutics (QLTI) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (1171)	2/8/2001 11:08:44 AM
From: Ian@SI	Respond to of 1321

To understand part of the driver for this morning's sharp rise, take a look at QLTI short interest for the past year at: viwes.com This info is nicely formatted and charted at that site. Essentially as of Jan 15th, more than 4M shares had been sold short with over 3 days to cover. Given the price action since mid January, I suspect that the actual shares short was probably much higher as of yesterday. Given the growth of about 700,000 shares a month short interest since November, it's quite possible that there's about 5M shares short and a massive squeeze underway. Can't think of a nicer group of people forced to buy back those shares as they receive margin calls. :-) Ian. Item Ticker Company Name Month+ Shares Short Avg Daily Volume Ratio* Remark 1 QLTI QLT Inc. 01/01 4,053,779 1,225,392 3.31 12/00 3,314,692 1,678,456 1.97 11/00 2,620,333 1,317,891 1.99 10/00 2,500,186 1,362,162 1.84 09/00 1,800,645 717,533 2.51 08/00 1,381,279 1,503,459 0.92 07/00 1,318,650 1,014,069 1.30 06/00 880,920 877,165 1.00 05/00 803,059 917,463 0.88 04/00 1,077,861 921,420 1.17 03/00 883,820 1,139,227 0.78 02/00 734,957 877,824 0.84 * Ratio = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover. + monthly data as of settlement on the 15th of each month. Alert(s) on QLTI from Monthly Watch for the past three months: 1.01/01: short position at 12-month high 2.01/01: short position increasing for 6 consecutive months 3.01/01: days-to-cover at 12-month high 4.12/00: average daily volume at 12-month high 5.12/00: short position at 12-month high 6.12/00: short position increasing for 6 consecutive months 7.11/00: short position at 12-month high