Calling all shorts for a wet ride!!!
eCarfly, Inc. announced today that BUYINS.NET, www.buyins.net, is initiating coverage of eCarfly, Inc. (Pink Sheets:ECFL) after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 401.5 million total aggregate shares of ECFL have traded for a total dollar value of nearly $57.7 million. The total aggregate number of shares shorted in this time period is approximately 30.9 million shares. The reported Total Short Interest as of September 12th is 24,890. The ECFL SqueezeTrigger price of $0.14 is the volume weighted average short price of all short selling in ECFL. A short squeeze is expected to begin when shares of ECFL close above $0.14.