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Re: Engineering_Simple post# 25613

Wednesday, 03/03/2021 2:29:52 PM

Wednesday, March 03, 2021 2:29:52 PM

Post# of 42752
I believe you may misunderstand what these numbers are. They are not related to short interest data that many investors are concerned about.

They simply represent whether transactions were initially sales by someone or instead were initially purchases by someone. They do not distinguish between sales by someone who already owns the stock or sales by someone who is borrowing the stock and has to (theoretically) buy back stock at some future date to "cover" their borrow.

In the simplest sense, they represent down transactions (vs bid and offer) against up transactions. When they happen, the stock usually goes up or down in synch. Other than the fact that the stock has moved (which we already know), this data appears to have minimal value to me. Some people like to look at how much the stock prices move up or down in reaction to volume movements like this (and related inconsistencies), but that is a different kind of analysis that I do not think you are talking about.

If you believe that these numbers cumulate to change "short positions" -- a completely different animal -- you are mistaken.