Friday, May 19, 2017 1:25:35 PM
It looks like the call of some LONGS in this board over the last few days to not sell shares and cancel stop loss orders IS WORKING! Volume traded dramatically dropped by 78%!
Here are the numbers comparing data from 3 trading days, Tues-Thurs (May 16-18) with those from the 7 trading days before that period (May 5-15):
Period Total Volume Total Short % of Total
Traded Volume Volume Shorted
May 16-18 5,402,868 2,035,651 37.7%
May 5-15 57,357,166 20,764,441 36.2%
Period Average Daily Average Daily % of Vol
Volume Traded Short Volume Shorted Daily
May 16-18 1,800,956 678,550 37.7%
May 5-15 8,193,881 2,966,349 36.2%
Change -78.0% -77.1% 1.5 % points
Computed from:
http://nakedshortreport.com/index.php?index=NAK
Accessed May 19, 2017
I also noticed by watching NAK on scottrade a few times that the frequency of trading has slowed to almost snail-pace. It used to be that every second I refreshed the number of shares traded changed. Now, I have to click several times before I see any change!
GLTA NAK LONGS!
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