Does any one know what the average daily trading volume is for BKL?
I need this figure to work out the formula for the number of days it will take for the shorts to cover when good news appears.
Days to cover =
Current Short Interest 8% of 12,919,356(Marcus Blackmores shares not included) = 1,033,548
This is divided by the average daily trading volume , say it was 200,000 shares
Days to cover = 1,033,548 / 200,000 = 5.16 days.
BKL Price at posting:
$116.73 Sentiment: Buy Disclosure: Held
