5 – Lehman Brothers – NYSE:LEH
4 – BlackRock Corporate High Yield Fund – NYSE:COY
3 – Solarfun Power Holdings – NASDAQ:SOLF
2 – Fieldpoint Petroleum – AMEX:FPP
1 – Pyramid Oil – AMEX:PDO
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.
* Lehman helped contribute to the financial sector's downward move on Friday. The Wall Street Journal reported Friday that David Einhorn, a hedge fund manager that shorts the stock and has much to gain if it trades down, publicly questioned the investment bank's quarterly profits in a speech last Thursday. Lehman fought back by publicly questioning the manager's motives, but the statement was not enough to stem the selling. The stock declined $2.39 or 6.21% to $36.11.
BlackRock Corporate High Yield Fund, Inc. (NYSE:COY) operates as a diversified, closed-end management investment company. It invests primarily in corporate bonds, preferred stocks, and short-term securities.
* COY traded flat last Friday on no news. The stock closed the day where it opened, at $7.33.
Solarfun Power Holdings Co., Ltd., (NASDAQ:SOLF) through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules primarily in the People's Republic of
* Shares of Solarfun Power Holdings fell 22% last Thursday after a Goldman analyst downgraded the China-based solar cell maker to "Sell," saying the stock is overpriced after a recent surge in value. The downgrade was just one day after the solar company reported first-quarter per-share earnings that were double analysts' expectations. The stock managed to gain $1.93 or 9.35% to $22.58 on Friday.
Fieldpoint Petroleum Corporation (AMEX:FPP) engages in the acquisition, operation, and development of oil and natural gas properties in Louisiana, New Mexico, Oklahoma, Texas, and Wyoming. It holds interests in North Bilbrey field located outside of Hobbs, New Mexico; Longwood field located north of Greenwood, Louisiana; Lusk field located outside of Hobbs, New Mexico; Loving North Morrow field located two miles west of Loving, New Mexico and 12 miles south east of Carlsbad, New Mexico; and Chickasha field located approximately 65 miles southwest of Oklahoma city, Oklahoma.
* Fieldpoint has benefited from the ongoing increase in oil and gas prices, and as a result, the company's revenue has been steadily increasing over the last year. For the last reported quarter ended
Pyramid Oil Company (AMEX:PDO) engages in the exploration, development, and production of crude oil and natural gas. It holds oil and gas property interests primarily in
* Shares of PDO gained $2.35 or 12.11% to $21.75 on Friday after falling more than 28% the day before. Last week, Pyramid Oil was frequently listed among the biggest percentage gainers with market capitalizations under $750 million. PDO ended the week up 14.5%.
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. LocateStock TV is 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, LLC
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