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Re: STRONGUS post# 6990

Friday, 08/25/2006 10:46:42 AM

Friday, August 25, 2006 10:46:42 AM

Post# of 14027
Stongus2006 Yes, the short interest total is cumilative not periodic. It means the number you see is the total of all short interest for that point in time.


(Although this applies to NADAQ stocks, I'm sure the scheme is the same on all securities....unless you have any ifnroamtion to the contrary).

To calculate short interest in NASDAQ stocks, NASD member firms are instructed to report to the NASDR TS-Customer Advocacy & Quality Management Department, on a monthly basis, their short positions, for all accounts, in shares, warrants, units, ADRs, and convertible preferreds resulting from short sales. Once the short position reports are received by the Product Deployment and Support Department, the short interest is then compiled for each NASDAQ security.

Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The Product Deployment and Support area compiles the short interest data and provides it for publication on the 8th business day after the reporting settlement date

http://www.nasdaqtrader.com/trader/defincludes/nasdshortint_def.stm