Re: Looking forward to the short interest update....
in response to
by
posted on
Oct 21, 2019 09:24AM
One thing that I believes bears noting (no, not referring to BDZ)....
We know that as of Sept 28th (assuming that 2 day settlement period) there were just over 700K short. Now we know that the number up until Oct 11th (same assumption) it had dropped to a bit over 400K.
We don't know what happened in between those two dates however. It could be that the 700K that were short before the TLD news came out...it could be that all or most of those shorted shares were covered, and the 400K+ number we have now could be the result of newly shorted positions. It also could be that only 284K or so were covered and that there was no renewed short selling afterwards.....
Personally I would guess that a good chunk of the 700K were covered and that then there was some shorting added on afterwards as buyers moved in with shareholders holding tight for the most part.