ALCOA (AA) 14.30 -$0.16 (-1.11%) 03:57AM (15 mins delay)

Alcoa's Short Base Rises

Nov 18, 2009 - 6:05 AM EST

Jessica Johnson submits:

Alcoa (AA) was named last week as one of Brazil’s most sustainable companies and also a critical player in the future of Nasa’s Ares rocket. Alcoa saw lower than expected industrial production numbers due to auto production.

The short base (percentage of shares outstanding on loan from the total available lending pool) has been rising in past week from 4.8% to 5%, which represents 17% of the total shares available for borrowing. This remains a cheap stock to borrow with a small window to buy back the stock.

Complete Story »

Source: Seeking Alpha (Nov 18, 2009 - 6:05 AM EST)