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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (2582)7/26/1998 1:21:00 PM
From: Boca_PETE  Read Replies (1) | Respond to of 3696
 
Justa and ALL: < UTEK Shorts at 7-15 increase 7.9% to 2.94 mil >

Barron's reports 7/15/98 UTEK short interest rose to 2,941,527 shares from 6/15/98 short interest of 2,727,298. Given reported average daily volume for the month at 150,274 shares, that equates to approximately 19.57 days for the shorts to cover.

Given the lack of a significant share price decline in response to UTEK's release of terrible earnings this past week, I'm sure am glad I'm not short UTEK. If a quarterly earnings report that bad won't make the price go down, what will ???

P