BKL
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0.00% $94.73 blackmores limited

Does any one know what the average daily trading volume is for...

  1. PatienceToWin
    13,016 Posts.
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    22/09/16
    13:32
    Post #: 19347086
    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.

    Short-Squeeze-1024x454.png
    BKL Price at posting: $116.73 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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