Short equity increased again for the 3rd reporting period in a row and no doubt is higher now as these numbers are for October 31, just reported. WSJ.com After this week I would guess they are near 45% of the float short at the moment.
Shares Sold Short
26.73 M
Change from Last
+1.93%
Percent of Float
35.76%
TTM insider/fund/institutions buys outweighed sells by 3.1 million shares.
First asset sale the stock is gone, and the price of LNG come Dec-Mar forget about it, they are having a little fund now, but, soon they will have to hibernate. Only catch very lows if you are long minded and contract them out at a high price.
Time and events coming are on our side, one can only hope asset sale news happens after market close with that high a percentage of short shares it could open a dollar higher from these levels like nothing.
Easy to short low $ stocks but from this level a dangerous game that can wipe out a follwer bear account in a heartbeat.
Peace out.