Word: floats
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...Citigroup (C) is the most shorted stock in America. As of April 15, the bank had a short interest of 1.237 billion shares. Its trading volume average of the prior two weeks was 532 million shares a day. Citi has an extraordinary 24% of its float sold short, a sign that a huge number of investors are willing to gamble against the share price. Citi's stock is subject to wild swings, in part because the short sellers in the company's shares have been "squeezed" more than once this year - forced to cover when the banks had good news...
...beginning of 2009, even though it was the premier insurance company in the world just four years ago. Shares short in AIG fell 3% during the most recent period to 278 million, against an average daily volume of 125 million shares. Eleven percent of the financial firm's float is now sold short. AIG's stock can more up or down 15% on any given day based on information about whether the government will have to add to its $13o billion commitment to the firm and news about its desperate attempts to auction off its divisions to get money back...
...Gannett (GCI) is the largest newspaper company in the U.S. which makes it the subject of constant speculation and financial media interest. Its short interest as of April 15 was 63.8 million shares, down 7% from two weeks earlier. The company has a very high 28% of its float sold short, which is equivalent to six trading days of volume based on the current daily average. As concerns about the fate of the newspaper industry mounted, Gannett's shares plunged from over $9 in mid-January to $1.85 in mid-March. Two weeks ago, Ariel Investments announced that...
...summer coupled with adolescence doubly so. Whitehead stirs up a few deep currents - the escalating tension between Benji's parents, notably - but for the most part, he adopts Benji's strategy of never venturing too far into rough surf ("Sand beneath my feet, that was my rule"), content to float with his character on the surface...
...Given the political realities of the university, it may be tempting to just either float debt or ask for more money from the endowment. But kicking this ball down the road, either by mortgaging the university or drawing down its savings, simply leaves the problem for our successors to clean up. All of us—administrators, faculty, and students—will simply have to make do without some of what we’re used...