Aruba Networks, Inc. (ARUN)

[eastunder]

ARUN: Short Interest DN 58.7% to 1.9M in Mid Feb 2008

Thursday , February 28, 2008 06:00ET

According to new short interest data from NASDAQ, short interest for Aruba Networks Inc (NasdaqNM: ARUN) DECREASED 58.7% to 1,881,317 shares as reported in mid-February, 2008.

SYMBOL ARUN
END JANUARY 4,555,114
MID FEBRUARY 1,881,317
CHANGE -2,673,797
%CHANGE 58.70%
DAYS/COVER 1

Based on ARUN's 20-day average daily share volume of 2,254,600, it would require approximately 1 day(s) of buying to cover this short interest.


Some others are thinking a bottom has been reached or was close to being reached.