Thursday, October 19, 2017 5:24:29 PM
On September 29, 2017 the short interest was aprox 203,160 shares with an average daily trading volume of 23,542 shares. Short interest has fluctuated 3% plus or minus over the last 4 or 5 months, so my assumption is that short interest is still in that 200,000 share range.
Forward thinking, another 10% daily uptick in share price and we’ll be right back around that price range. At an average of 23,000 shares traded per day, that would take about 8 to 9 days of trading to cover.
Things could get really interesting here in the event the price continues to rise and could potentially create a bit of a squeeze with steady or low volume.
Just wanted to share this information as we look forward to the next few weeks.
Good luck all.
Just my honest opinion
S777
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