Titan Medical Inc (TMDIF)

[elMoose]

Harb,

Short data is not predictive at all. When I was younger and looking for the holy grail in trading, I spent many hours of my spare time developing algorithms to trade stocks based on this type of crap, and short data was one of them. Higher or lower short shares is not predictive of lower or higher stock price, period. That was my conclusion then and it still applies. It totality of the market short/long level may have some implication on the trend for the 'market' but not individual stocks but even that can backfire either way.

Here is a mini-proof for you to abandon this analysis that the shorts dumping here because their gains have evaporated and they are desperate.

I will even use the site that some short here posted.

This is a random stock that I picked that has dropped about 10% today. Do you see the % short level signalling it? nope
https://www.algowins.com/?wdt_column_filter%5B1%5D=FNKO

This is a semi stock that I have followed for many years. Do you see any relationship with % short levels and stock price? Nope
https://www.algowins.com/?wdt_column_filter%5B1%5D=XLNX

This is the road that everybody who have ever traded stocks has traveled and it goes to nowhere pretty fast.