Hi Doc
I realised I used "days to close" rather than days to cover which is the correct terminology. My apologies.
Days to cover is a thoeretical calculated indicator that shows how long it would take to close all the short positions based on the average volume traded over a certain number of trading days. It is a relative risk value really and depending on the number of trading days used for the average it can vary from source to source. I used a longish number which seems to work OK. Really I am looking for a trend.
Short Activity in PNV, page-79
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 (20min delay)
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Last
$2.32 |
Change
-0.025(1.07%) |
Mkt cap ! $1.587B | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.33 | $2.27 | $970.6K | 423.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 14559 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 19950 | 26 |
View Market Depth
| Last trade - 12.32pm 17/06/2024 (20 minute delay) ? |
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Last
$2.33 |
Change
-0.025 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $2.32 | $2.33 | $2.27 | 131006 | ||
| Last updated 12.49pm 17/06/2024 ? | |||||
| PNV (ASX) Chart |
