Snap back coming in PPS... read this and you decide. ...
The most recent short interest data has been released by the NASDAQ for the 7/15/15 settlement date, which shows a 1,303,154 share increase in total short interest for Ocata Therapeutics Inc (NASDAQ:OCAT) to 514,716 an increase of 153.2% since 6/30/15. Total short interest is just one way to look at short data; another metric that we find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for this stock at the 7/15/15settlement was at 333,835 shares. That brought “days to cover” to 4 calculated at the recent short interest data release.
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