Wednesday, May 30, 2012 11:27:12 PM
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.
FEATURED POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM