Very interesting that there was that much short interest today. Not surprised at all with the way it was trading. I knew that NITE was short all day.. I love it. They wanted a sell off and couldn't get it! I have a pretty safe prediction.. By this time next week, I predict the PPS will be higher than it closed at today. It's probable that it will be much higher. :)
Hey Gem, how can you tell that there was some MM short positions covered today? All I can tell from this is that there was a net increase in the short position by approximately 105,000 shares. This kind of suggests that the MM's are hedging their bets that there will be a drop in the pps in the coming days.
Also Gem, do you know why FINRA's stated total volume for today of 344,593 is 7,600 shares less than the actual stated of 352,193. You provided a good post. I'm just trying to understand what the numbers mean. TIA. :)
So as I watched the price drop yesterday the fact that buys outnumbered sells 2 to 1 reassured me, and it was actually shorting of the stock. So when the stock gets shorted, is that transaction listed as a buy or sell for the day? I'm gathering it is listed as a buy and thats why the buy volume was so high?