I have been watching short interest and have found no direct correlation between short interest and share price. I have posted the data if someone sees something I missed.
It is my belief that the shorted shares are being wash traded and moved between conspiring parties. The short interest is large enough to move the stock even if there is no significant selling of real shares.
The initial statement about short interest didn't make any sense to me.
Now that the data is available feel free to defend it with specifics.
The impact of the short interest has more to do with the daily volume as a practical matter.
The impact of the volume of short shares moving into or out of the market is based on the ratio of the short vol to the daily vol.
Especially if there is the long hoped for short squeeze.
Contemplate this. The short position increases when the share price is at a peak. If you look at the short interest and the share price relationship it appears that the shorts are in between $12 and $6.
Based on a short position of 5.5 mil shares that equates to an estimated short position value of $30 to $50 million.
That suggests to me that the people with the responsibility of overseeing that amount of money also have access to a few million $ to protect that position. Given the low share price and relatively low volume, it should be easy to have a significant impact on the share price.
Is that "the cabal"? It doesn't have to be an organized conspiracy. All that is required is several different organizations with a common interest. They don't need to communicate with each other. All they need is a common goal of protecting their investment. Watching the share price and volume and acting in their own individual self interests will result in apparently coordinated activity.
That easily explains the odd behavior of the share price when good news is released. It will also indicate that achieving a short squeeze will be far more difficult than has been speculated.
It will take a MAJOR event to create a short squeeze that the short position holders can not over come with the application of more money.
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