as referenced by the days to cover metric, the longer the price rally continues based solely on the need of short sellers to close their positions.
For example, if a company has average daily volume of 1 million shares and 2 million shares are currently short sold, the shares have a cover rate of two days.
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.