Good morning, Darth. You have 3 posts in there concerning short positions and CVSI along with CW. Let’s hit the highlights of the 3. CV has .8 days to cover on short interest by volume. CW has 12.3- days to cover by volume. However, because of the total volume is represented by only 1.5 and 2.8, there isn’t enough there, there, to really get to concerned with. CW been running 2.8 to 3.1 range all summer. CV been running 1.5 since March. There could be several reasons why the short interest has been that tight. One example of several could be a hedge just sitting on a position.
So in regards to short interest and IMO, there is no issue with either in regards to interest over volume.
This would be a good time to mention short interest vs short volume.
Short volume is a whole different ball game. I’ll use CV as an example since were on this board. Last Thursday, I think it was, there were a little over 10 million shares traded on CV. Slightly under 4 million were short. So, I don’t confuse, short volume is a daily, short interest is what is recorded on the bi weekly you posted.
Really two different worlds, also volume brings in computer trading, MM’s play etc. Think quick in and out with volume. Think holding a position with interest.
The 2nd post and 3rd, is about a short squeeze potential, positioning and what to look for. You would have to blend in charting, timing, with that short interest to really see the potential, if your thoughts are CW is in a much better position for a squeeze, yes, but I don’t think there is enough interest or percent, to trigger one. Or not very much of one anyway. IMO.
Note this was listed on the other board but taken down as off topic.
