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Technology Stocks : USWeb (USWB) -- Ignore unavailable to you. Want to Upgrade?

To: Young H. Noh who wrote (754)	4/18/1999 5:03:00 PM
From: B. A. Marlow	Respond to of 1188

Reported short interest is a snapshot, Young. Indicates total shares short as of cut-off date (about the third week of the month or so, I think). You can calculate the month-to-month change in open short interest by comparing the March figure to the previous month. In this case, March figure was 2,863,522 and February figure was 3,192,464, so short interest declined by 328,942 shares. Trend over past few months has been declining as well. Presumably, a mid-April figure would tell a very different story (massive increase), but many opportunistic shorts may have been covered over the past two trading days. As of the close of the current reporting period, April shorts may show a modest change from March. For the record, Market Guide shows USWB's float as 53.60mm out of 74.41mm total shares outstanding. Thus, a short interest of 2.9mm represents a rather modest (by some standards) 5.3 percent of USWB's float. To the extent that high open short interest is viewed as a bullish indicator (shorts normally close out their positions at some point by buying the stock to cover), USWB's March short interest figure is not too useful. Does this answer your question? BAM businesswire.marketguide.com