EnviroTechnologies International Inc. (ETII)

[alliecorp]

This was from Xtremepicks on October 25.

We look to days to cover to see what impact short covering will have on HNSS and with a 10 day average volume of 3.3M - the days to cover short is close to 20 days - but the shorts will need to do this in 1/4 of the time - there is only 5 days left in the month and the shorts will need to really step up their covering this week.


Investopedia Says
Investopedia explains Days To Cover
This ratio is somewhat unique because it measures the future buying pressure on a stock that is virtually certain to happen - short sellers must buy back shares at some point if they are to close out their positions.

If a stock's price begins to rise significantly, investors who have short sold the stock will quickly begin to close out their positions (by purchasing shares off the open market), creating buying pressure for the stock and driving the price up even more. If a previously lagging stock turns very bullish, the buying action of short sellers can result in extra upward momentum and increased losses for short sellers who are slow to close out their positions. The longer the days to cover, the more pronounced this effect can be.

The MM games are over, shorts will be climbing over each other this week as they now know they are done.