It means the number of days of buying, on average, that would be needed to cover all the short shares. So, if days to cover is 2 and we suddenly had a short squeeze, my understanding is that you could expect about 2 strong days of buying...and rising share price.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.