Replies to post #205505 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

The poster saying 20 is not incorrect. NASDAQ uses a 550K per day average. We aren't trading at that rate now.

[jtsmgoblue]

Days to cover is based on average shares traded in a day or over a period of time.

So if 5.8m short shares and 290k average shares its 20 days. Recent volume averaging about 350k so about 16 days. Today’s volume of about 250k gets u about 23 days.