Extreme Motorsports of California, Inc. (ETMO.PK) announced friday that BUYINS.NET, is reiterating coverage of Extreme Motorsports of California after releasing the latest short sale data to September 2007. From September 2006 to August 2007 approximately 5.6 billion total aggregate shares of ETMO have traded for a total dollar value of nearly $14.5 million.
The total aggregate number of shares shorted in this time period is approximately 429 million shares. The ETMO SqueezeTrigger price of $0.0026 is the volume weighted average short price of all short selling in ETMO. The first of several short squeezes is expected to begin when shares of ETMO close above $.0002, where approximately 7.6 million shares have been shorted.
Extreme Motorsports of California, Inc. operating under the trade name “Xtreme Motorsports,” is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme’s sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US.
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