Short Stories: Texas Industries and UK Banks - trackseekingalpha

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Short Stories: Texas Industries and UK Banks
Jan 06, 2009 09:57 PM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

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Symbol	Sentiment	Start	Return	Closed
LYG	n/a
TXI	n/a
BCS	n/a
HBOS	n/a

Via Short Stock Ideas from Seeking Alpha:

Texas Industries (TXI) which has an earning release Wednesday, has 16.4% of its shares outstanding on loan (%SOOL) to short investors, down from 23% in July. Utilization for this stock is at 60%. The companyâ€™s share price has fallen from $55 in September to $35 now, and up from $20 in November. Three stocks who have been affected by the UK short selling ban are Barclays (BCS), HBOS (HBOS) and Lloyds TSB (LYG). We will be covering this topic extensively over the coming weeks.

Barclays currently has 3% SOOL, with Utilisation at 17.29%. The share price has continued to drop since the ban; from 400p in September, to 150p now.

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