I understand that shortman displays shorts at T+4, which means that these 91.36% shorts actually relates to Thursday 8/11
That day was an average day. We opened at $2.81, closed at $2.79 with a high of $2.85 and a low of $2.76. We only traded 2.6M shares in a pretty tight way as you can see below (bars are pretty short most days).
So my question is: what does "91.36% of all trades were shorts" mean? Does it mean that 91.36% of shares sold that day were shorts? If this is what it is ... what does it mean? What was happening?
GXY Price at posting:
$2.57 Sentiment: Hold Disclosure: Held