Have a question about the following article... is it possible to call brokers and tell them that you do not want your shares in the inventory made available for shorting? Is that a viable solution???
Dynacq International Inc. Concerned About Short Selling HOUSTON--(BW HealthWire)--Oct. 8, 2001--Dynacq International Inc. (Nasdaq:DYII - news) announced today that the recent volatility in the price of its stock is believed to be the result of short selling in the market place. In September, it was reported that there were 561,165 shares sold short, a practice which is expected to continue.
The company, in response to inquiries by shareholders, has suggested that all shareholders contact their stock brokerage firm to determine if the shares they own in the company are being placed in the inventory of the brokerage firm and made available for use by short sellers. Each individual shareholder should determine if they will permit their brokerage firm to engage in this activity.
Mr. Chiu M. Chan, chairman and president of Dynacq International Inc., stated, ``It is unfortunate, but part of life, that when a company becomes successful, its shareholders may be potentially victimized by having their investment manipulated by those who wish to engage in short selling. All of our shareholders should be assured that the company will make ever effort to reduce the impact of short selling.''
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