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News Focus
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thetraveler

02/19/10 12:06 PM

#18783 RE: Mariner* #18782

SO, the total number of "shorts have been reduced by 80mm this week and the stock has went down???? That doesnt compute.
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kirbling

02/19/10 12:14 PM

#18785 RE: Mariner* #18782

No Mariner...

Each day that report comes out it shows the number of shares that were sold short for that day. We don't know how many shares were bought to cover for each day. For example there were 45 million shares SOLD SHORT yesterday but 40 million of them could have been covered leaving only 5 million short rolling into today. The issue is that we do not have a way (that I know of) to see how many shares were bought to cover all the short sales from yesterday. We also cannot see the amount of shares that need to be covered in order for BEDA to come off REGSHO except for "Short Interest" on Pinksheets.com but that only updates every 2 weeks. Does this make sense? Let me knowif you need more explanation or have more questions.