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researcher59

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researcher59

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Monday, 05/22/2017 1:30:16 PM

Monday, May 22, 2017 1:30:16 PM

Post# of 3668
A lot of short covering is happening at this price level .... through last week IB usually had no shares available for shorting and never over 10k .... today they have 70k available. A sure sign of short covering.

The next release of short interest figures is 5/24, but that only reflects settlements through 5/15 .... we'll have to wait for the 6/9 release to see the short covering that's currently going on.

Some of the shorts seem to think the stock is bottoming.
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