Credit Suisse note to clients today, page-14

Originally posted by Len

Does anyone know how or why it is possible for gross shorts to exceed the trade volume for a given day?
Also, notice shorts are decreasing! How can they close 6m shares and the price doesn't move?
Just curious, thanks.

Those were probably related to the SX XT and CX XT trades over the last two weeks.
Theoretically forced covering with probably some incentive provided to the other insto's book.

It'll bounce soon in my opinion.

NL.