On thur 23rd gross short sales was 0.6% but net short interest only rose 0.1%
Which means the majority of shares shorted were covered.
If i had to guess these guys are shorting in the AM and covering in the PM as they walk the price down.
This has been going on since late April as shorting acitivty picked up but net short interest has trended sideways.
It is like a ponzi scheme.
Instead of covering on the BtA news day, they got more aggressive with the ponzi flows.
On thur 23rd gross short sales was 0.6% but net short interest...
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