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Article Excerpt
M2 PRESSWIRE-19 October 2005-BUYINS.NET: Electric City Corp. Has 567,100 Shares Short. First of Several Short Squeezes Expected To Begin At $0.77 According To Buyins.net Research Report(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:19102005
www.buyins.net, is initiating coverage of Electric City Corp. (AMEX: ELC) after releasing the latest short sale data through October 18th, 2005. From January through mid-October of this year, approximately 3,728,041 shares of ELC have been shorted for a total dollar value of nearly $3.85 million. The ELC SqueezeTrigger price of $1.03 is the volume weighted average short price that all shorts are short shares of ELC. The first short squeeze in shares of ELC is expected to begin at $0.77, where an expected amount of 155,902 shares are currently short. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://buyins.net/squeezetrigger.pdf .
MONTH TOTAL SHORT AVERAGE SHORTVOLUME VOLUME PRICE
DOLLAR VALUE
January 1,259,400 223,784 $1.11 $249,381
February 2,580,300 119,300 $0.99 $118,762
March 3,903,000 286,161 $1.10 $314,928
April 1,522,400 259,691 $1.00 $259,903
May 1,629,200 356,536 $0.94 $335,033
June 920,000 102,200 $0.89 $90,566
July 7,645,600 1,709,909 $1.11 $1,890,476
August 1,869,800 219,900 $1.03 $226,568
September 3,454,200 155,902 $0.77 $119,903
October 2,127,500 294,658 $0.82 $241,619
Total 26,912,300 3,728,041 $1.03 $3,847,139
* short volume is the aggregate short sale trades as reported by all US exchanges.
** average short price is calculated using a volume weighted average short price.
*** October Short Volume is the projected # of shares shorted through October 18th.
ELC On AMEX Naked Short Threshold List
On List Off List #...
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