Replies to post #3218 on Sino-Global Shipping America (SINO)

[value1008]

Hi Coach, it's always difficult to know how many are short on a given day because the figures at Nasdaq.com lag by two weeks or almost two weeks.

I just noticed that figures on short-shares have updated today at Nasdaq (i thought they would update tomorrow).

http://www.nasdaq.com/symbol/sino/short-interest
It shows that nearly 747k shares were short as of Sep. 15. The prior reported # at Nasdaq was on Sept. 15 for the period ending Aug 30 showing 782k shares short at that point. The number likely went down by Sep. 15 on the run-up in share-price as we drew closer to earnings and then my bullish S.Alpha article came out that morning of Sep. 15 (recall someone ended the day by buying 26k shares, zooming the s/price to 3.75 and likely triggering stop-loss coverings for some of the shortsellers.)

I would imagine that some short-sellers re-entered on the spikes into the 3.70s and then yesterday's brief after-hours move up over $4.

On certain stocks R59 sometimes calls a few of the different brokerages to see how many shares are available for shorting, and often there are none, which suggests that a stock may be seeing the short shares around their upper previous high.

He and another poster over at Ihub SavvyTrades board posted this a.m. that not many shares were available to short, so i surmise that the # of short-shares has gone back up over 900k at this point.

Maybe they'll get toasted if/when the sector heats up in the Fall.