Replies to post #11920 on Archie's Corner (POW)

[EZ2]

from your link:

Days to Cover
Calculated as the aggregate short interest for the month divided by the average daily share volume traded for the period between short interest settlement dates. If days to cover is between 0 and 1, it is rounded up to 1 on Nasdaq.com
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http://www.nasdaq.com/reference/glossary.stm#daystocover

[RunninAmuck]

Tim, yes, a short squeeze is when the stock price starts rising and causes the "shorts" to buy in order to cover their position. Also, now that I've seen the table in your link, I understand what your question was about "1 day". That's not a "requirement". It's how long it would take for USIX's shorts to cover based on average trading volume. In other words, as of 11/15 the USIX short position was 3.5M shares. Based on its average daily volume, that's 1 day's trading to cover the shorts. Based on the 10/15 short position, short covering would have taken 3.55 days trading at the average volume to cover the shorts. Hope that all makes sense ... Amuck