Genova Biotherapeutics, Inc.(fka GVBP)

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GENova Biotherapeutics (GVBP) SqueezeTrigger Price is $0.43. Approximately 57 Million Shares Shorted Since July 2009 Accordin...
Date : 09/17/2009 @ 1:40AM
Source : Business Wire
Stock : BUYINS.NET (GVBP)
Quote : 0.03 0.005 (20.00%) @ 8:50AM


GENova Biotherapeutics (GVBP) SqueezeTrigger Price is $0.43. Approximately 57 Million Shares Shorted Since July 2009 Accordin...




GENova Biotherapeutics Inc. ("GENova")(OTCBB: GVBP.OB), a biotechnology company that develops novel therapeutic proteins that disrupt the advance of life-threatening cancers, today announced BUYINS.NET, www.buyins.net, is initiating coverage of GENova Biotherapeutics after releasing the latest short sale data to September 2009. From July 2009 to September 2009 approximately 382 million total aggregate shares of GVBP have traded for a total dollar value of approximately $166 million. The total aggregate number of shares shorted in this time period is approximately 57 million shares. The GVBP SqueezeTrigger price of $0.43 is the volume weighted average short price of all short selling in GVBP. A series of short squeezes has begun as shares of GVBP have jumped from $0.06 to a high of $1.18 and 62% of all shares shorted in GVBP are now out-of-the-money. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net

Day Total Vol. Short Vol. Avg. Price Short $ Value 7/10/2009 168,750 25,313 $0.0640 $1,620 7/14/2009 4,000 600 $0.2500 $150 7/15/2009 26,000 3,900 $0.2500 $975 7/16/2009 5,000 750 $0.2000 $150 7/17/2009 5,000 750 $0.1500 $113 7/20/2009 5,000 750 $0.1200 $90 7/22/2009 11,250 1,688 $0.0700 $118 7/23/2009 5,000 750 $0.0500 $38 7/27/2009 50,000 7,500 $0.0475 $356 7/28/2009 5,000 750 $0.0400 $30 7/30/2009 15,000 2,250 $0.0350 $79 7/31/2009 20,000 3,000 $0.0300 $90 8/4/2009 5,000 750 $0.0400 $30 8/6/2009 5,000 750 $0.0600 $45 8/11/2009 10,000 1,500 $0.0500 $75 8/12/2009 17,500 2,625 $0.0350 $92 8/13/2009 210,000 31,500 $0.0425 $1,339 8/19/2009 283,100 42,465 $0.0575 $2,442 8/20/2009 166,500 24,975 $0.0388 $969 8/21/2009 420,500 63,075 $0.0350 $2,208 8/24/2009 843,750 126,563 $0.0390 $4,936 8/25/2009 517,500 77,625 $0.0582 $4,518 8/26/2009 1,134,000 170,100 $0.0583 $9,917 8/27/2009 138,709 20,806 $0.0702 $1,461 8/28/2009 299,600 44,940 $0.0800 $3,595 8/31/2009 248,000 37,200 $0.0850 $3,162 9/1/2009 110,000 16,500 $0.0890 $1,469 9/2/2009 258,000 38,700 $0.0887 $3,433 9/3/2009 105,400 15,810 $0.0890 $1,407 9/4/2009 4,343,805 651,571 $0.1145 $74,605 9/8/2009 31,013,712 4,652,057 $0.1495 $695,482 9/9/2009 39,063,840 5,859,576 $0.1798 $1,053,552 9/10/2009 22,838,746 3,425,812 $0.2092 $716,680 9/11/2009 73,966,584 11,094,988 $0.2833 $3,143,210 9/14/2009 61,006,116 9,150,917 $0.3797 $3,474,603 9/15/2009 58,753,648 8,813,047 $0.6638 $5,850,101 9/16/2009 86,543,080 12,981,462 $0.7663 $9,947,694 TOTAL 382,622,090 57,393,314 $0.4356 $25,000,831 *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

Click here to view chart: http://www.buyins.com/images/gvbpstr9-16-09.jpg Market Maker Friction Factor is shown in the chart below: Date BuyVol SellVol Volume NetVol Change Friction Factor 9/16/2009 32,528,297 33,050,882 86,530,981 -522,585 -$0.2400 -21,774 9/15/2009 29,732,263 27,395,775 58,753,648 2,336,488 $0.3650 64,013 9/14/2009 29,906,751 24,121,644 61,006,116 5,785,107 $0.1400 413,222 9/11/2009 36,565,346 34,967,902 73,966,584 1,597,444 $0.0670 238,424 9/10/2009 12,536,576 9,450,995 22,838,746 3,085,581 $0.0380 811,995 9/9/2009 20,201,469 17,231,916 39,063,840 2,969,553 $0.0280 1,060,555 9/8/2009 15,917,091 12,883,521 31,013,712 3,033,570 $0.0370 819,884 9/4/2009 2,278,871 1,814,934 4,343,805 463,937 $0.0300 154,646 9/3/2009 71,500 33,900 105,400 37,600 $0.0000 bearish bias 9/2/2009 253,000 5,000 258,000 248,000 $0.0000 bearish bias 9/1/2009 60,000 50,000 110,000 10,000 $0.0000 bearish bias 8/31/2009 148,000 0 248,000 148,000 $0.0100 148,000 8/28/2009 299,600 0 299,600 299,600 $0.0080 374,500 8/27/2009 105,000 33,709 138,709 71,291 $0.0070 101,844 8/26/2009 628,000 434,000 1,134,000 194,000 $0.0230 84,348 8/25/2009 628,000 434,000 517,500 194,000 $0.0060 323,333 8/24/2009 593,750 235,000 843,750 358,750 $0.0060 597,917 8/21/2009 235,500 185,000 420,500 50,500 -$0.0100 bearish bias 8/20/2009 86,500 80,000 166,500 6,500 $0.0100 6,500 8/19/2009 128,100 130,000 283,100 -1,900 $0.0000 bullish bias 8/13/2009 100,000 110,000 210,000 -10,000 $0.0000 bullish bias 8/12/2009 0 17,500 17,500 -17,500 -$0.0100 -17,500 8/11/2009 5,000 5,000 10,000 0 -$0.0200 bearish bias 8/6/2009 5,000 0 5,000 5,000 $0.0200 2,500 Click here to view chart: http://www.buyins.com/images/gvbpff9-16-09.jpg Analysis of the Friction Factor chart above shows that in the trading days preceding this report that market makers have been making a positively biased market (70% bullish and 30% bearish bias to trading) in shares of GVBP. The Friction Factor displays how many more shares of buying than selling are required to move GVBP higher by one cent or how many more shares of selling than buying moves GVBP lower by 1 cent

The chart below shows the broker dealers acting as market makers in shares of GVBP through August 2009

Rank Market Maker Volume thru August Percent of Volume 1 Knight Equity Markets, L.P

1,211,059 27% 2 Hudson Securities, Inc

1,200,750 27% 3 Noble International Invest

782,500 17% 4 Sterne, Agee & Leach, Inc

688,000 15% 5 Domestic Securities, Inc

238,100 5% 6 Automated Trading Desk 180,000 4% 7 R. F. Lafferty & Co., Inc

25,000