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DueDillinger

04/27/10 11:00 PM

#647 RE: Norm2 #645

March 31 was almost a month ago, dude. Old snapshots are even less useful and potentially more misleading than rough approximations.

According to Yahoo, the short interest ratio (number of days to cover) was 15.8 and as you point out, there were 11.3MM shares reported short. This assumes an average daily volume of 715k.

Average is...well...it depends on whatchumean. Again from Yahoo, the 3mo average daily volume is 871,494 but the 10 day average is only 457,657.

I don't know where the guy who wrote the article that I quoted got his data--a short interest ratio of 21.8 and average daily volume of 932,000 shares.

The point in any case is that there is some possibility that a significant short position (Yahoo's figures show just under 15% of float short) can run the price up on good news as they scramble for cover.

I don't know where shortsqueeze.com gets their data...

Short Interest (Shares Short) 12,058,700
Days To Cover (Short Interest Ratio) 9.2
Short Percent of Float 15.85 %
Short Interest - Prior 11,327,400
Short % Increase / Decrease 6.46 %



http://shortsqueeze.com/?symbol=mvis&submit=Short+Quote%99

...but I take it all with a grain of salt.