- 33.84 Million Split Adjusted Shares Have Been Shorted at $17.18 SqueezeTrigger
- Short Squeeze Just Beginning as Shares Closed Friday at $17.23
NEWPORT BEACH, Calif., March 15, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has updated coverage on Ebix, Inc. (Nasdaq:EBIX) after releasing the latest short sale data through March 10, 2010. The total aggregate number of shares shorted in the past 7 months is approximately 33.84 million shares (3:1 split adjusted). The SqueezeTrigger price for all shares shorted is $17.18. A significant short squeeze is just now beginning as shares of EBIX closed at $17.23 on Friday. The total short interest (shares still uncovered) as of February 26, 2010 is 9.99 million shares. There is $172.25 million worth of short covering that still needs to take place.
Click here to view Report: http://www.buyins.com/reports/ebix2-4-10.pdf
Click here to view SqueezeTrigger: http://www.buyins.com/images/ebixstr3-10-10.jpg
Click here to view Friction Factor: http://www.buyins.com/images/ebixff3-10-10.jpg
Friction Factor is used to calculate if a fair market is being made in the shares of EBIX. 48% of the previous 33 trading days are positive or bullishly-biased and 52% of the trading days are negative or bearishly-biased. BUYINS.NET will monitor EBIX market makers daily for compliance with Fair Market-Making Requirements. Friction determines how many more shares of buying vs. selling it takes to move EBIX higher/lower by 1 cent.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net , monitors trading in all U.S. stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements."
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all U.S. stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO.
INVESTMENTS & TRADING
SqueezeTrigger -- 25 billion cell database tracks EVERY short sale (not just total short interest) in all U.S. stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all U.S. stock earnings reports.
Seasonality -- predicts probability, price move and length of move based on exact time of year for all U.S. stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.
GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. Ebix has paid $995 per month to purchase data to be provided in six monthly reports. Ebix has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net , for complete risks and disclosures.