Sunday, January 15, 2023 3:12:59 AM
Short interest is the total number of shares of a particular stock that have been sold short by investors but have not yet been covered or closed out. This can be expressed as a number or as a percentage.
https://www.investopedia.com/articles/01/082201.asp
Anyone that thinks these nanocap and microcap stocks haven't been shorted to some degree at some point (often times these short sales happen before these stocks get below a $1 and to sub penny levels) just lacks a basic understanding of how the markets work. In most of these instances the short sellers never took profit (closed the position). Often times they don't have to. I know several bears that have been shorting a particular stock since it was above $50/share ( currently at $12) and plan on riding it down to $0, never having to cover their position. It happens. A lot.
GVSI has a short interest above 60%. Anything above 20% is considered high.
I'm also pretty sure that Daniel Ivandjiiski and the guys at Zerohedge know the difference between short sale volume and short interest. That's probably why they included our beloved gvsi in their article to begin with.
(Daniel Ivandjiiski is a Bulgarian-born, U.S.-based former investment banker and capital-markets trader, and currently financial blogger, who founded the website Zero Hedge in January 2009, and remains its publisher and main editor.)
Even if this stock hasn't been heavily shorted (meaning the experts are wrong), it's still going to do very well. The short interest is just the cherry on top of the sundae.
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