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Thursday, October 05, 2006 9:39:55 PM
Aug 10, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net , is reiterating coverage of Summus Works, Inc. (OTC: SMMW) after releasing the latest short sale data to August 2006. From January 2005 to August 2006 approximately 53.9 billion total aggregate shares of SMMW have traded for a total dollar value of nearly $8.6 million. The total aggregate number of shares shorted in this time period is approximately 4.1 billion shares. According to July 10th Total Short Interest, there are 49.82 million 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 SMMW SqueezeTrigger price of $0.00016 is the volume weighted average short price of all short selling in SMMW. A short squeeze began when shares of SMMW closed above $0.00016. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
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