4 – Yingli Green Energy – NYSE:YGE
3 – Ambac Financial – NYSE:ABK
2 – MBIA – NYSE:MBI
1 – E*TRADE Financial – NASDAQ:ETFC
DryShips, Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products.
* DryShips announced Monday that it will release its results for the fourth quarter and year end 2007, after the market closes in New York Thursday, February 14, 2008 . A conference call will be held the following day at 10:00 a.m. and will also be aired via webcast. Shares of DRYS shot up more than 6% Monday and lost 58 cents or .75% to $77.20 the following day.
Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.
* An index of emerging market ADRs rose Monday afternoon, helped up in part by rebounding solar shares after an analyst encouraged investors to take a second look at the sector. Shares of YGE were up almost 10% Monday followed by a rise of 42 cents or 2.07% to $20.75 on Tuesday.
* Warren Buffett told CNBC Tuesday that he has already offered to pump lifeblood back into struggling bond insurers Ambac, MBIA, and Financial Guaranty Insurance, by reinsuring $800 billion in municipal bonds for which the firms are currently responsible. Regardless, Ambac slid 15.08% as the proposal got a lukewarm reception. Shares of ABK closed down $1.58 to $8.90 on the news.
MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.
* Warren Buffett told CNBC Tuesday that he has already offered to pump lifeblood back into struggling bond insurers Ambac, MBIA, and Financial Guaranty Insurance, by reinsuring $800 billion in municipal bonds for which the firms are currently responsible. Regardless, MBIA slid 15.32% as the proposal got a lukewarm reception. Shares of MBI closed down $2.08 to $11.50.
E*TRADE Financial Corporation, (NASDAQ:ETFC) through its subsidiaries, offers financial solutions to retail and institutional customers worldwide. It provides retail investments and trading, which include automated order placement, and execution of market and limit equity, futures, options, exchange-traded funds, mutual funds, and bond orders, as well as offers quick transfer, wireless account access, extended hours trading, quotes, and research and advanced planning tools.
* E-Trade said on Monday that it would sell nearly all of its RAA Wealth Management business to PHH Investments Ltd as the online brokerage takes steps to shed non-core assets and bolster a balance sheet hit by subprime losses. The NASDAQ also reported that E-TRADE is among five NASDAQ stocks with the five biggest positions in short interest from mid-January to late January. Shares of ETFC were down 4% Monday and rose just a penny or .20% to $4.98 on Tuesday.
The daily HIGH FIVE stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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