InvestorsHub Logo
Followers 2
Posts 211
Boards Moderated 0
Alias Born 01/15/2012

Re: CryptoRain post# 17105

Wednesday, 05/30/2012 11:27:12 PM

Wednesday, May 30, 2012 11:27:12 PM

Post# of 92264
http://www.otcmarkets.com/stock/DROP/short-sales

Short interest is over 2 million shares as of May 15th, which makes it roughly 2% as of that date. While a very small percentage of the float, in my experience it is quite a high number for pinks (1%-2% is perfectly normal for large caps, though -- AAPL short interest is 1.25%)

What is interesting is that the daily short vol has been roughly 40-50%+ for weeks, yet short interest is still only about 2%. That means there are plenty of people trying to short it, but they fail to force it down and have been covering quickly.

It is pretty amazing to see such consistent short volume and such a small short interest. It clearly says that the longs are winning. Once we really start moving the short-covering rally should provide quite a pop.