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.
NEW YORK STOCK EXCHANGE
No. of No. of shares shares of short of short interest interest Stock Industry as of 4/12 as of 3/15 % Chg Foothill Group A Financial services 506,209 505,233 +1 Glenfed S&L; holding co. 356,829 273,264 +31 Lockheed Aerospace 336,536 339,444 -1 Walt Disney Entertainment 1,128,341 1,140,680 -1 AMERICAN STOCK EXCHANGE ATI Medical Medical equipment 249,750 249,710 0 Dataproducts Printers 43,400 79,629 -46 OVER-THE-COUNTER MARKET Amgen Biotechnology 979,366 779,516 +26 CII Financial Insurance 5,698 55,320 -90 Comptr Memories Holding co. 55,200 51,474 +7 Delphi Info Sys Software 188,213 169,928 +11 Martin Lawrence Art galleries 280,432 225,314 +24 Micropolis Disk drives 30,974 35,266 -12 New Image Inds Computer imaging 20,616 70,623 -71 Nu-Med Hospitals 23,370 8,181 +186 Software Toolworks Software 574,870 378,666 +52 Traditional Inds Photofinishing 430,020 429,738 0 20th Century Inds Insurance 57,531 56,493 +2 Valley Federal Savings & loan 200,968 223,602 -10
Avg. daily trading Stock volume Foothill Group A 4,460 Glenfed 99,565 Lockheed 125,565 Walt Disney 395,960 AMERICAN STOCK EXCHANGE ATI Medical 8,009 Dataproducts 97,345 OVER-THE-COUNTER MARKET Amgen 346,247 CII Financial 68,124 Comptr Memories 23,948 Delphi Info Sys 13,205 Martin Lawrence 57,047 Micropolis 73,030 New Image Inds 131,861 Nu-Med 24,750 Software Toolworks 479,623 Traditional Inds 11,787 20th Century Inds 31,695 Valley Federal 17,725
Sources: New York, American stock exchanges; National Assn. of Securities Dealers
