Just in case you missed @FullMoonFever 's recent post on the charting thread...
Shorters have FOUR days to cover their positions!!!
Just in case you don't know what this term is, here's a primer -
"Days to cover, also called short ratio, measures the expected number of days to close out a company's issued shares that have been shorted. It measures a company's issued shares that are currently shorted and divides that by the average daily trading volume to give an approximation of the time required, expressed in days, to close out those short positions." - from investopedia
There are about 34M short positions.
The daily trading volume is about 8M give or take..
34 / 8 = 4.5
My my my... 4 and a half days to close out their positions?! They must be sweating bullets!!!
MSB Trading 2020 - a new dawn, page-1260
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Last
$1.17 |
Change
0.005(0.43%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.20 | $1.15 | $1.672M | 1.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 19291 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 21129 | 8 |
View Market Depth
| Last trade - 11.34am 16/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |