24/7 Wall St. » SYMX

Short Interest In Troubled Companies Rises (C, SIRI, LNKD, WFC)

247wallst — Sun, 13 Nov 2011 14:47:51 +0000

After a period in which short sellers backed out of stocks in troubled companies, the have rushed into them again.

The short interest in Research-In-Motion (NYSE: RIMM), battered by competition from Apple (NASDAQ: AAPL) and Google’s (NASDAQ: GOOG) Android rose 15% to 46.3 million. Shares short in Sirius XM Radio (NASDAQ: SIRI), which recently posted weak subscriber sales, rose 10% to 277 million shares. The short interest in Symantec (NASDAQ: SYMC) rose 29% to 12.8 million

Probably in anticipation of earnings that would push shares lower after a tremendous run, the short interest in Green Mountain Coffee Roasters (NASDAQ: GMCR) rose 45% to 24.7 million. The bet was a smart one. Quarterly numbers were weak enough to push the stock down by over 35%.

Shares sold short in major bank shares moved very little. The short interest in Bank of America (NYSE: BAC) fell 6% to 190 million. The short interest in Wells Fargo (NYSE: WFC) was down 12% to 55.4 million. Shares sold short in Citigroup (NYSE: C) fell 58.9 million.

Stocks under tremendous pressure because the short position was such a large portion of their floats included LinkedIn (NYSE: LNKD) which at 36%. Short interest as percent of float at Barnes & Noble (NYSE: BKS) was 36% The percent of float for newspaper chain McClatchy (NYSE: MCI) was 44 days. For Eastman Kodak (NYSE: EK), the number was 25%.

Douglas A. McIntyre

Filed under: Short Interest Tagged: AAPL, BAC, C, EK, GMCR, GOOG, LNDK, MCI, RIMM, SIRI, SYMX, WFC

Top Active Trader Alert Stocks (DNDN, SYMX, TSLA)

247wallst — Thu, 31 Mar 2011 12:55:56 +0000

Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Dendreon Corporation (NASDAQ: DNDN), Synthesis Energy Systems, Inc. (NASDAQ: SYMX), and Tesla Motors Inc. (NASDAQ: TSLA).

Dendreon Corporation (NASDAQ: DNDN) is up 4% premarket to $36.93, relative to a 52-week range of $25.78-$56.67.

Synthesis Energy Systems, Inc. (NASDAQ: SYMX) is up on heavy volume more than 50% premarket to $3.10, relative to a 52-week range of $0.80-$2.43. The company posted excellent 3Q earnings.

Tesla Motors Inc. (NASDAQ: TSLA) is up 16% premarket to $27.32, relative to a 52-week range of $14.98-$36.42. Tesla is suing the British show “Top Gear” for misrepresenting the longevity of their vehicle.

Filed under: Pre-Market Activity, Trading Alert Tagged: DNDN, SYMX, TSLA

IPO FILING: Synthesis Energy Systems, Inc.

247wallst — Tue, 20 May 2008 13:30:15 +0000

Synthesis Energy Systems, Inc. has filed to come public today via an initial public offering, and it will take the proposed ticker of "SYMX" on NASDAQ. The two underwriters listed in an offering for up to $100 million are listed as JPMorgan and Deutsche Bank Securities.

The company builds, owns and operates coal gasification plants that utilize the company’s own proprietary U-GAS® fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products. This is for transportation fuels and ammonia.

The company is Houston-based as far as corporate headquarters and it has US-operations under development in West Virginia. In China, it has headquarters in Shanghai, and has operation in Zaoahuang City now and under development in the Henan Province. It also has operations being constructed in Inner Mongolia. You will want to read the prospectus if you are interested in this one because its operations are mainly operating interests in ventures.

As much of the current gasification projects are under development, its revenues for the 9-months ended March 31, 2008 were $39.879 million and the development and pre-operational costs have this one in the red as far as profits are concerned.

You can join our open email distribution list to hear about other IPO’s, secondaries, financings, spin-offs, and mergers.

Jon C. Ogg
May 20, 2008