27 July 2006, 09:19am ET
www.buyins.net is reiterating coverage of NewMarket Technology, Inc. (BB:NMKT) after releasing the latest short sale data to July 2006. From January 2005 to July 2006 approximately 484 million total aggregate shares of NMKT have traded for a total dollar value of nearly $210.8 million. The total aggregate number of shares shorted in this time period is approximately 37.3 million shares. According to July 10th Total Short Interest, there are 82,508 shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, BUYINS.NET has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The NMKT SqueezeTrigger price of $0.44 is the volume weighted average short price of all short selling in NMKT. A short squeeze is expected to begin when shares of NMKT close above $0.44. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Short $ Price Value ------------------- ------------- ------------- --------- ------------ January '05 15,057,533 1,159,430 $0.65 $749,224 February 16,744,815 1,289,351 $0.62 $797,721 March 16,164,756 1,244,686 $0.54 $667,525 April 12,741,226 981,074 $0.48 $470,916 May 13,820,360 1,064,168 $0.44 $465,573 June 21,706,228 1,671,380 $0.51 $852,404 July 12,175,556 937,518 $0.47 $439,508 August 14,465,750 1,113,863 $0.41 $460,805 September 10,378,287 799,128 $0.39 $308,623 October 17,501,124 1,347,587 $0.39 $525,828 November 14,281,293 1,099,660 $0.40 $437,115 December 17,641,624 1,358,405 $0.34 $455,066 January '06 29,716,456 2,288,167 $0.30 $691,713 February 26,109,716 2,010,448 $0.32 $652,390 March 56,683,868 4,364,658 $0.37 $1,597,465 April 113,698,480 8,754,783 $0.49 $4,310,855 May 46,940,064 3,614,385 $0.44 $1,586,354 June 18,222,716 1,403,149 $0.36 $509,343 July 9,901,861 762,443 $0.33 $252,750 Total: 483,951,713 37,264,282 $0.44 $16,231,178 -- short volume is approximated using a proprietary algorithm. -- average short price is calculated using a volume weighted average short price. -- short volume is the total short trade volume and does not account for covers.
NMKT hit a recent high of $0.695 in April 2006. The total aggregate number of shares shorted between April 2006 and July 2006 is approximately 14.5 million shares. The corresponding SqueezeTrigger price of $0.46 is the volume weighted average short price of all short selling in NMKT between April 2006 and July 2006. The public float of NMKT is 6.9 million shares.
Month Total Vol. Short Vol. Avg. Short $ Price Value ------------------- -------------- ------------- -------- ------------ April '06 113,698,480 8,754,783 $0.49 $4,310,855 May 46,940,064 3,614,385 $0.44 $1,586,354 June 18,222,716 1,403,149 $0.36 $509,343 July 9,901,861 762,443 $0.33 $252,750 Total: 188,763,121 14,534,760 $0.46 $6,659,302 -- short volume is approximated using a proprietary algorithm. -- average short price is calculated using a volume weighted average short price. -- short volume is the total short trade volume and does not account for covers. NMKT On OTCBB Naked Short Threshold List On List Off List # Days April 8, 2005 April 25, 2005 12
NewMarket Technology, Inc. has been on the OTCBB Naked Short Threshold list 1 time. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Company has achieved three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded U.S. companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 850,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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SOURCE: NewMarket Technology, Inc.