Can anyone offer any insight into the roll of MM's and their apparent plot to take over the world?!
I was watching EXPH yesterday, on a uncharacteristically, high-volume day. It was a down day and there was no shortage of shares to be bought and sold.
The total volume was 108+ million, I beleive.
But the Finra reg sho numbers show that there was a shorted percentage of 38+ percent.
I was under the impression that mm's facilitated liquidity in the market.
On this day, there was no shortage of liquidity, so why would they feel the need to add to this?
Another possibility would be that I don't understand what the numbers mean. But I was informed that the numbers illustrate the amount of shares that the mm's needed to supply into the market when the mm's did not hold such inventory.
I completely understand, but on the forementioned day, there was no need to acquire additional inventory, so why the high short percentage?
Thanks for your time.
Stay thirsty, my friends.
