Elite Pharmaceuticals Inc (ELTP)

[ARbigguy1]

Yesterdays daily short volume for ELTP.
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20160425|ELTP|599296|0|1524551|O
So it can be easily seen that there was much less shorting than usual yesterday. Usually when ELTP has good volume the short % is around 50 or higher.
As one said that buying was easily absorbed but if you were watching close the shorts continued their long term objective of suppressing the stock. Shorts were selling to the major short player that was covering. Haha, told you to watch the signals!
Like I said, what did you expect that they would cover in one day, LOL, causing huge volume that draws attention and a price run where they cannot cover in the current range.
Right before your eyes and the shorts still cannot see!