www.buyins.net is reiterating coverage of Pearl Asian Mining Industries, Inc. (OTC:PAIM) after releasing the latest short sale data to August 8, 2006. From January 2005 to August 8, 2006 approximately 68.5 billion total aggregate shares of PAIM have traded for a total dollar value of nearly $37 million. The total aggregate number of shares shorted in this time period is approximately 5.3 billion shares. According to July 10th Total Short Interest, there are 9,552,004 shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, BUYINS.NET has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The PAIM SqueezeTrigger price of $0.00054 is the volume weighted average short price of all short selling in PAIM. A short squeeze started when shares of PAIM closed above $0.00054. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ ValueJanuary '05 28,457,320 2,191,214 $0.00090 $1,972 February 24,295,600 1,870,761 $0.00080 $1,497 March 33,403,000 2,572,031 $0.00160 $4,115 April 76,354,000 5,879,258 $0.00060 $3,528 May 221,336,000 17,042,872 $0.00020 $3,409 June 231,350,000 17,813,950 $0.00010 $1,781 July 57,765,000 4,447,905 $0.00010 $445 September 15,892,000 1,223,684 $0.00010 $122 October 30,000,000 2,310,000 $0.00010 $231 November 45,850,000 3,530,450 $0.00010 $353 December 2,500,000 192,500 $0.00010 $19 January '06 375,038,400 28,877,957 $0.00670 $193,482 February 214,707,200 16,532,454 $0.00450 $74,396 March 34,544,240,640 2,659,906,529 $0.00013 $332,488 April 4,911,258,256 378,166,886 $0.00015 $56,725 May 11,325,330,488 872,050,448 $0.00012 $104,646 June 3,853,778,396 296,740,936 $0.00010 $29,674 July 11,737,847,104 903,814,227 $0.00210 $1,898,010 August 724,701,440 55,802,011 $0.00230 $128,345Total: 68,454,104,844 5,270,966,073 $0.00054 $2,848,538 1) short volume is approximated using a proprietary algorithm. 2) average short price is calculated using a volume weighted average short price. 3) short volume is the total short trade volume and does not account for covers. |