Approximately 7 Million Shares Shorted Since March 2006 According to
BUYINS.NET Research Report
FREDERICK, Md., Feb. 12 /PRNewswire-FirstCall/ -- BioElectronics
Corporation (Pink Sheets: BIEL) announced today that BUYINS.NET,
http://www.buyins.net, is initiating coverage of BioElectronics Corporation after
releasing the latest short sale data to February 2008. From March 2006 to
February 2008 approximately 90.5 million total aggregate shares of BIEL
have traded for a total dollar value of nearly $10 million. The total
aggregate number of shares shorted in this time period is approximately 7
million shares. The BIEL SqueezeTrigger price of $0.11 is the volume
weighted average short price of all short selling in BIEL. The first of
several short squeezes is expected to begin when shares of BIEL close above
$0.04, where approximately 400,000 shares have been shorted. According to
data provided by the SEC, on September 28th, 2007 there were 133,073 shares
failing to deliver (also referred to as, naked short). To access
SqueezeTrigger Prices ahead of potential short squeezes beginning, visit
http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
March '06 3,012,387 231,954 $0.31 $71,326
April 1,677,725 129,185 $0.28 $35,849
May 3,029,656 233,284 $0.24 $55,988
June 3,567,224 274,676 $0.21 $58,012
July 2,275,528 175,216 $0.17 $28,911
August 1,822,212 140,310 $0.15 $21,397
September 4,214,438 324,512 $0.12 $38,941
October 8,519,279 655,984 $0.11 $71,502
November 4,170,822 321,15
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