Shorts on Elpida Memory Up 422% Since August

The short interest (as measured by Percent Shares Outstanding On Loan) for Elpida Memory Inc (ELPDF.PK) has risen 10.97% over the past week and now stands at 11.29%. This is up 422.65% from the 52 week low hit on August 24, 2009. When compared to other Japan Semiconductors & Semiconductor Equipment companies, the short base is well above the average of 2.02% for the sector.

Over the past week the Negative Sentiment Indicator (DNS) for 6665 was unchanged. It remains in the tenth decile, indicating a high amount of negative short sale sentiment for the security. The Price Squeeze Indicator (DIPS) on the other hand saw an increase to the fifth decile, indicating a medium risk for a price squeeze.

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