InvestorsHub Logo
Followers 14
Posts 289
Boards Moderated 0
Alias Born 04/19/2013

Re: IL Padrino post# 9514

Wednesday, 08/19/2015 1:40:41 AM

Wednesday, August 19, 2015 1:40:41 AM

Post# of 19165
Days to cover doesn't actually mean they have that time frame to cover. It is a equation based on avg volume that it would take every short to cover if they had to. Now they all wont at once, but at times on various stocks it has. Forgot the symbol but two weeks ago, there was a super nova short squeeze, stock went from 2 to 50 in a day. But with shorts , they can be forced to cover by the lender for various reasons. But that's just a figure of speech to give you a understanding if they had to cover what the buying pressure might be.
Days to cover = amount of shorts/avg daily volume.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.