BUYINS.NET Issues SqueezeTrigger Price of $0.39 on NewMarket Technology, Inc. (NMKT); Approximately 49.2 million Shares Shorted Since May 2005
NewMarket to Announce Record Revenue and Net Income for 2006 Soon
DALLAS, TX- Apr 9, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announced today that BUYINS.NET, www.buyins.net, is reiterating coverage of NewMarket Technology after releasing the latest short sale data to April 2007. From May 2005 to April 2007 approximately 638.8 million total aggregate shares of NMKT have traded for a total dollar value of nearly $248.9 million. The total aggregate number of shares shorted in this time period is approximately 49.2 million shares. The NMKT SqueezeTrigger price of $0.39 is the volume weighted average short price of all short selling in NMKT. A short squeeze began when shares of NMKT closed above $0.39. As the price of NMKT rises, more short positions become losing positions for short sellers.
NewMarket Technology pre-announced 2006 annual revenue of over $74 million, beating the company's forecast of $70 million with a record net income of more than $4 million in 2006: http://biz.yahoo.com/bw/070330/20070330005184.html?.v=1. The company will be filing its annual report in the next few days.
To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
May '05 13,820,360 1,064,168 $0.44 $465,573
June 21,706,228 1,671,380 $0.51 $852,404
July 12,175,556 937,518 $0.47 $439,508
August 14,465,750 1,113,863 $0.41 $460,805
September 10,378,287 799,128 $0.39 $308,623
October 17,501,124 1,347,587 $0.39 $525,828
November 14,281,293 1,099,660 $0.40 $437,115
December 17,641,624 1,358,405 $0.34 $455,066
January '06 29,716,456 2,288,167 $0.30 $691,713
February 26,109,716 2,010,448 $0.32 $652,390
March 56,683,868 4,364,658 $0.37 $1,597,465
April 113,698,480 8,754,783 $0.49 $4,310,855
May 46,940,064 3,614,385 $0.44 $1,586,354
June 18,222,716 1,403,149 $0.36 $509,343
July 12,281,880 945,705 $0.33 $313,501
August 19,484,390 1,500,298 $0.31 $468,393
September 11,855,308 912,859 $0.29 $266,372
October 28,657,552 2,206,632 $0.30 $659,783
November 28,375,034 2,184,878 $0.29 $639,732
December 31,158,482 2,399,203 $0.33 $785,739
January '07 36,984,876 2,847,835 $0.37 $1,060,249
February 20,245,952 1,558,938 $0.35 $549,993
March 31,774,220 2,446,615 $0.40 $969,349
April 4,653,251 358,300 $0.43 $155,323
Total: 638,812,467 49,188,560 $0.39 $19,161,477
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
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