Splits and shorts...
Here are the date details regarding the spit...
Dow Jones Newswires -- July 27, 1998
Dividend Declarations: MXA, MNB, MNA, RCS, SBI, BYFC, DRTE, LVLT, CPG, MATW
ÿÿÿÿÿCompanyÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿPeriodÿÿÿÿÿÿAmountÿÿÿÿÿÿPayableÿÿÿÿÿÿRecord
Level 3 Communicationsÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿsÿÿÿÿÿÿÿÿÿr 8/ 7/98ÿÿÿÿÿÿ7/30
s-2-for-1 stock split.
+++
And don't you get the feeling we've suckered in some shorts here at the LVLT ranch? Sounds nice to me:
Nasdaq Short Interest Rose 3.7%
To a Record in the Latest Month
By DANIELLE SESSA
Staff Reporter of THE WALL STREET JOURNAL
NEW YORK -- Short interest rose 3.7% to a record in the latest month on the Nasdaq Stock Market.
The total, which includes Nasdaq small-capitalization and large-capitalization stocks, climbed to 2,169,973,009 shares on July 15 from 2,092,546,674 shares, the previous high, in mid-June, according to Nasdaq.
On the Nasdaq SmallCap Market, which is made up of the 1,288 smaller-cap stocks, short interest increased 17%. It rose 3.4% for the 4,111 larger-cap stocks on the Nasdaq National Market.
Traders who sell "short" borrow shares and then sell them, betting they can profit by buying the stock back later at lower prices.
Short interest is the number of shares that haven't been repurchased for return to lenders. As such, it is often taken as an indicator of the degree of negative sentiment among investors in the stocks. Investors may rely on short selling for other purposes, including as a hedging strategy related to corporate mergers and acquisitions, for convertible securities and options, and for tax purposes.
The Nasdaq National Market's short-interest ratio fell to three days from 3.21 days in the previous month. The short-interest ratio for the smaller stocks rose to 1.24 from 0.84. The ratio is the number of trading days that would be required to close out the short positions through share purchases and is considered a measure of trading sentiment.
The following companies had the largest decreases in short interest: CHS Electronics Inc., down 7,862,688 shares to 3,421,177; Intel Corp., off 7,506,853 shares to 26,386,002; Dell Computer Corp., down 5,250,242 shares to 28,127,996; Sun Microsystems Inc., off 4,709,140 shares to 10,630,105, and E*Trade Group Inc., down 3,365,823 shares to 4,771,011.
The following companies had the largest increases in short interest: WorldCom Inc., up 20,254,784 shares to 137,208,492; ADC Telecommunications Inc., up 16,179,356 shares to 18,720,790; Tellabs Inc., up 7,565,970 shares to 25,929,757; Microsoft Corp., up 5,983,798 shares to 35,571,116, and Tele-Communications Class A, up 5,457,859 shares to 26,361,082.
Among companies with the largest short-interest positions, Washington Mutual Inc. was up 3,394,976 shares to 37,140,839; Boston Chicken Inc. increased 1,468,608 shares to 21,249,355; Informix Corp. was up 219,137 shares to 19,039,821; Cisco Systems Inc. rose 1,208,861 shares to 18,951,309 and Oracle Corp. was down 2,756,952 shares to 17,069,260.
Nasdaq short-interest figures will next be published Aug. 26. |
