This near million share increase in the shorts after 9/30 confirms the activity that occurred that Friday Sept 2 after the close when a million+ shares of AUMN were transacted—the last day that ECU traded. Thus, the 20 million share ECU short position (mostly naked because the entire “official” short position was merely 8 million on 8/31—the last reporting period) was merely transferred from ECU to AUMN. Presumably, the short position at AUMN is now "official" because of the stringent regulatory requirements in the U.S.
I suspect there has been some covering the past several days accounting for a 50% rebound from the low of $6.14.
Silverbull50
Golden Minerals Co. (AUMN) Short Interest
AUMN
Golden Minerals Co.Amex
|
Settlement Date
|
Short Interest
|
Avg Daily Share Volume
|
Days To Cover
|
|
9/30/2011
|
1,990,786
|
359,619
|
5.535820
|
|
9/15/2011
|
1,830,617
|
441,253
|
4.148679
|
|
8/31/2011
|
991,215
|
124,962
|
7.932131
|
|
8/15/2011
|
860,375
|
137,570
|
6.254089
|
|
7/29/2011
|
834,621
|
94,692
|
8.814060
|
|
|
