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Perfisans Holdings (PFNH) Set for Short Squeeze30 November 2005
Buyins.net has initiated coverage of Perfisans Holdings (OTC BB: PFNH) after releasing the latest short sale data through November 25th, 2005. From January through late November of this year, approximately 21,310,263 total aggregate shares of PFNH have traded for a total dollar value of nearly $5.38 million. The total aggregate number of shares shorted in 2005 is approximately 1,640,890 shares. The PFNH SqueezeTrigger price of $0.25 is the volume weighted average short price that all shorts are short shares of PFNH. The first of several short squeezes is expected to begin at $0.114 cents where approximately 268,514 shares have been shorted. Month Total Volume Short Volume Avg. Price Short Dollar Value ---------- ---------- ---------- ---------- January 1,517,139 116,819 $ 0.405 $ 47,311 February 1,179,822 90,846 $ 0.372 $ 33,840 March 1,498,475 115,382 $ 0.452 $ 52,210 April 371,467 28,602 $ 0.382 $ 10,940 May 680,945 52,432 $ 0.319 $ 16,762 June 2,395,236 184,440 $ 0.29 $ 53,487 July 2,013,112 155,009 $ 0.24 $ 37,202 August 2,083,350 160,417 $ 0.275 $ 44,114 September 3,588,393 276,306 $ 0.202 $ 55,952 October 2,495,033 192,117 $ 0.167 $ 32,083 November 3,487,201 268,514 $ 0.114 $ 30,744 Total: 21,310,263 1,640,890 $ 0.25 $ 414,651 * 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. PFHN On OTC Naked Short Threshold List On List Off List # Days October 11th October 12th 2
Perfisans Holdings has been on the OTC Naked Short Threshold list once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Perfisans Holdings
Founded in 2001, Perfisans Holdings, Inc. is an emerging fabless semiconductor company focused on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next generation network interface systems. Rapidly being recognized and endorsed by industry leaders for its innovative ASIC architectures, the Company's technologies have applications in data-telecommunication, storage networks, content delivery networks, broadband networks, and rich streaming media.
Contact: Perfisans Networks Corporation Alpha Pang (888) 847-6972 x 264 Email Contact www.perfisans.com OR Aurelius Consulting Group Dave Gentry (407) 644-4256, Ext: 104 http://www.runonideas.com SOURCE: Perfisans Holdings
Source: Marketwire
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