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
$2.08 |
Change
0.050(2.46%) |
Mkt cap ! $1.435B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.09 | $2.01 | $3.563M | 1.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3195 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 12574 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$2.07 |
Change
0.050 ( 1.95 %) |
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| Open | High | Low | Volume | ||
| $2.01 | $2.09 | $2.01 | 315933 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| PNV (ASX) Chart |