Re: Looking forward to the short interest update....
in response to
by
posted on
Oct 19, 2019 09:13PM
You say that 'post Sept 30th' that the short position is in the thousands....do you have information on what the short interest number is right now? Or for trades settled up to Oct 15th?
All I know right now is that the number was a hair over 700K total for trades settled up to that September 30th date....which would mean all trading up to Sept 28th assuming a 2 day settlement period.
As we all know, sellers need buyers and buyers need sellers. If it is 'new smart money' that's been buying into the bad news, the question is who's been selling. Has it been mostly shareholders dumping in the wake of Top-Line failure, or have short sellers been increasing their exposure by borrowing even more.
We should have a better idea Monday.