Titan Medical Inc (TMDIF)

[66Mustang]

So 93k shares shorted out of 224k total volume yesterday. Just over 40% short means just over 60% not short. Like I said yesterday, nobody buys a stock thinking it will do nothing, so that other nearly 60% must think it is going up.

Your point that people think it's going down needs to be validated with better data than 50% more people think it's going up than down.

I'm a firm believer that data is good for anyone wise enough to look at both sides of it (I once owned a book entitled "How To Lie With Statistics" and I understand how to recognize many faulty analyses). What I will take from the data provided is that yes, over a 5 day span, the general "trend" for short shares is positive (meaning it is increasing, not meaning that it is good!). On the other hand, it bounces a bit too much for anyone to really consider it a "trend" from a pure statistical standpoint (if plotted on a graph, the points will stray too far from the mean). That means to me that it bears monitoring and for that, I appreciate your data input, despite my disagreement with your analysis of said data. Of the last 12 trading days, we see 6 drops in short % and 5 increases, so it fell more often than it rose.

Also, the latest "trend" is really only the past 2 trading days; the two sessions prior to those were both decreases. I graphed it in Excel; the spike on Sept 6 was nearly 2sd from the mean trendline, and a couple points are also close to 2sd from the sample mean. For such a small sample (only 12 data points) there simply is no statistically viable "trend" to be had from this data.

I'll post the actual numbers here with percentage for everyone to draw their own conclusions (percentages expressed as decimal fractions):

Date -- Volume -- Short -- % Short
9/16/2019 -- 224,204 --93,324 --0.416245919
9/13/2019 --194,813 --62,666 --0.321672578
9/12/2019 --224,062 --54,366 --0.242638198
9/11/2019 --237,841 --65,241 --0.274305103
9/10/2019 --158,509 --48,991 --0.309073933
9/9/2019 --222,473 --42,104 --0.189254426
9/6/2019 --101,856 --38,320 --0.376217405
9/5/2019 --197,328 --45,494 --0.23055015
9/4/2019 --58,165 --5,310 --0.091292014
9/3/2019 --243,992 --43,071 --0.17652628
8/30/2019 --264,000 --48,960 --0.185454545
8/29/2019 --86,396 --20,309 --0.235068753

Everyone is invited to copy/paste into their own spreadsheet or Minitab or whatever statistical analysis tool you prefer to use. Everyone should draw their own conclusions; I am willing to share mine here.

Ole HC, I don't mind you sticking around here for now... we won't always agree, and that is fine. I just hope you find some viable, rational content in my posts, as I do from some of yours. At least you keep the hostility level fairly low, even at your most smug moments! But we all go there once in a while.



Message in reply to:
Well, looks like the short interest only went UP yesterday. So, sorry for all of you that had your hopes up for me to NEVER post here again. It was a fairly heavy volume day for shorts vs. the last 5 folks.

https://shortvolume.com/

* Type in ticker and type in 5 days and see for yourself folks


93,324 was the short volume of TMDI from 9/16 folks (yesterday)

https://marketwirenews.com/stock/tmdi/short/ (review chart)


So what HC - what is your point ? Simply that people (and I would say non-retail) are taking the position that this goes DOWN instead of up soon. GLTA (be careful)