SHORT INTEREST IN VALLEY STOCKS
The table below lists the short interest in various Valley stocks.
In a short sale, an investor sells borrowed stock--in effect betting the price will drop--after which he can buy back the stock at a lower price and return the shares to the lender and pocket the difference. Of course, if the stock goes up in price, the short seller loses money.
Short interest is the number of shares that have been borrowed for short sales and not yet repurchased. Also listed is the average daily volume of stock traded in each company.
No. of shares of short interest Stock Industry as of 5/13 NEW YORK STOCK EXCHANGE Glenfed S&L; holding co. 128,795 Lockheed Aerospace 664,262 MCA Entertainment 315,118 Walt Disney Entertainment 780,900 OVER-THE-COUNTER MARKET Amgen Biotechnology 400,226 Comptr Memories Holding co. 58,257 Micom Systems Communications 95,443 Micropolis Disk drives 322,480 St. Ives Labs Beauty products 33,324 Traditional Photofinishing 242,217 United Education Career schools 365,478
No. of shares Avg. daily of short interest trading Stock as of 4/15 % Chg volume NEW YORK STOCK EXCHANGE Glenfed 110,997 +16 46,940 Lockheed 548,940 +21 232,135 MCA 270,508 +17 233,445 Walt Disney 672,112 +16 392,145 OVER-THE-COUNTER MARKET Amgen 154,175 +60 170,991 Comptr Memories 50,817 +15 26,268 Micom Systems 57,015 +67 422,247 Micropolis 164,452 +96 193,157 St. Ives Labs 2,809 +1,086 40,929 Traditional 218,218 +11 15,408 United Education 73,531 +397 148,799
Sources: New York Stock Exchange, National Assn. of Securities Dealers
