Well, someone was buying the shares sold short. So there were buyers for those 48,650. The rest of shares is straight forward... every sold share has a buyer so they are equal. The reason the stock is down is because there is more selling pressure.
But I don't think this number (48,650) tells the whole story anyway and shouldn't be looked at seriously. I mean, this could have been a 4,865 short block sold and covered 10 times. You know what I mean?
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.