Hi Doc
I realised I used "days to close" rather than days to cover which is the correct terminology. My apologies.
Days to cover is a thoeretical calculated indicator that shows how long it would take to close all the short positions based on the average volume traded over a certain number of trading days. It is a relative risk value really and depending on the number of trading days used for the average it can vary from source to source. I used a longish number which seems to work OK. Really I am looking for a trend.
Short Activity in PNV, page-79
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Last
$2.36 |
Change
0.020(0.85%) |
Mkt cap ! $1.628B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.40 | $2.33 | $1.160M | 491.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5181 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 1873 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |