Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

re: SHORT INTEREST

TIV's PPS on 6/10 , the day prior to the most recent short interest reporting period , was $5.97

Then between 6/11 and 6/25 we saw the PPS move up to as high as $9.73 , with hundreds of thousands of shares trading , and then close at $7.50 on 6/25 , the last day in this reporting period ... which was two days before the actual Russell Recon. Day.

During the 5 days when TIV was trading in the $9's over 2.5 million shares traded.

Makes it look pretty easy for some shorts to get off another quarter million shares short ... and the quarter million may well have been limited by difficulty in getting locates on shares to short.

Now we have to wait another two weeks to see what the short interest is today , 7/10 , as the period from 6/26 through 7/10 is what will be covered in the next short interest report which will be published on 7/24.

In that report we'll perhaps get to see if short interest took another jump up on Russell Recon. Day itself , with shorts perhaps selling to Russell buyers?

It's too bad there will be nearly two weeks of trading after Russell Recon. Day covered in the next report , during which time some covering might have taken place.

I wonder when/if the rules will change and we'll be able to see , on a day to day basis , which trades are short sales or short covering , and see a running tally on the short interest and how it changes relative to various events.

Just FYI

jonesie