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Re: pennyprince2010 post# 58111

Friday, 04/06/2012 12:16:38 PM

Friday, April 06, 2012 12:16:38 PM

Post# of 141826
Haha I agree there are shares needed to be covered it's definitely not 90 million bro.

You can calculate days to cover by taking the short interest divided by avg daily volume i.e. they short 5 mil and our avg volume is 10 mil, they have 2 days to cover...

but that's where things get tricky as you can't find the actual short interest numbers, only the number of shares shorted total. For example yesterday they shorted 10 mil but our avg volume is only 9 so does that mean they had to cover yesterday?

Either way I agree there is a big short interest and they are most certainly playing a very dangerous game. Accordingly we should see the affect on the pps significantly when it is covered, however from what I have observed while they short ALOT intraday they also do quiet a bit of covering too, so it's way to hard to actually speculate on the real short interest.
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