Replies to post #3694 on Cleveland Cliffs Inc (CLF)

[sts66]

Friday/Monday were both short squeezes:

http://www.volumebot.com/?s=clf

Aggregate Short Volume Data Reported to FINRA

Date Short Volume Total Volume Short Percent
07-23-2018 6,973,049 22,698,873 30.72% (covers = 22.7M x (1 - 0.3072) = 15.7M)
07-20-2018 8,657,047 26,124,034 33.14% (covers = 26M x (1 - 0.3314) = 17.4M)


I think a large number of short covers yesterday were those who went short on last Friday - immediately went into the red after JPM upgraded PT to $15 yesterday.