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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Cacaito who wrote (814)11/19/1997 10:29:00 AM
From: Cosmo Daisey  Read Replies (2) | Respond to of 7041
 
Cacaito,
No shares to short is usually a specific brokerage and not an indication that you can't short the stock, just depends on who your broker is. If you represent a huge position as a broker you may not want to lend the shares. ZONA has 7.5 mil shs out with a float of 5.6 mil. This should be enough of a supply for shorts. The closeness of the float to total shares is usually a sign that managment doesn't have much faith in the company. Less than two million shares is held by managment and five percent holders.
Coz