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Saturday, July 07, 2018 11:15:55 AM
From what you just showed us, July 2nd is when the shorts first CLOSED their positions when the PPS was low enough for them to profit - from the Screeching Panda and "associates" hit piece, in combination with posts across the internet. It did the job it was intended to do.
According to your own source that you linked, data suggests the short was placed on June 28 (prior to June 29 when the hit piece was published AND promoted across the internet). The short number June 28 was 806,765, 59.92%. PPS high of the day was $2.44 low $2.223
The short "bet" was satisfied on July 2nd when the immoral actions of Panda and "associates" did it's work. The shorts closed their position on July 2nd, so the short report shows the number plummet.
July 2nd: short number 128,391 and percent plummeted to 7.96%, PROVING many shorts closed their positions on July 2. PPS high of the day $2.15, low $2.01.
One is the cart and one is the horse. I think you are mistaking which is which. IMHO.
Now what happened July 3 and July 5? Two possibilities:
1. The data at your linked site is not valid and worthless overall.
2. (OR) investors looked at PPS plummeting and decided to join the short parade. Some that had previously already played the short once jumped back in, some new players likely joined the short plays.
July 3: 966,495 short, 44.16%. High 2.02, low 1.79.
July 5: 1,225,082 short, 48.27%. High 2.10, low 1.71.
July 6: No short data available at your link. High 2.23, low 1.945.
Strange how you only want to discuss July 2nd, while ignoring the rest of the data....
Cart. Horse. Which is pulling the other?
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