Short interest closed out?Hmm, I believe all short positions in SNG were totally closed out as of May 30, 2003. Prior to that reporting period they had about 220,000 shares outstanding. Average daily volume was about 220,000.
Not sure what exactly this means, but I am heartened that the closing out of the shorts coincided with the rise in share price during this time. I am even more hopeful that closing out the short position was done by management which had monetized a small portion of their stock options (this, of course, is pure speculation on my part).