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Cost-to-borrow and utilization rate skyrocket for CCME

|Includes: China MediaExpress Holdings, Inc. (CCME)

I spoke about CCME in an answer to another instablog post, but I wanted to put a chart in for CCME.

We collect data from participants that comprise roughly two-thirds of the domestic US securities lending, so when I see that there are 2.7 million shares borrowed in our system on Sept 30, I divide by .667 and arrive at an estimate for the number of shares borrowed and shorted in the entire market.  For CCME, this number is 4 million shares.  Short interest was reported as 3.3 million on Sept 15.  We'll see how close I am when short interest is reported for Sept 30.