Big profit taking day, almost 12 mill shares are traded by now. Testing support level in $17 level, there is strong support at $ 16.50 we might get there , so it will give opportunity to make moves.
Also , look at the huge increase in a short position from week ago at 11% which is driving pullback, I am sure.
Short Interest Ratio (Days To Cover)
|
18.3
|
Short Percent of Float
|
23.32 %
|
Short % Increase / Decrease
|
0 %
|
Short Interest (Current Shares Short)
|
16,000,000
|
Shares Float
|
68,600,000
|
Short Interest (Prior Shares Short)
|
16,040,000
|