Yep, Naj
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume 1 Tue 13th Dec, 2016 657,626 197,760,938 0.33% 1,137,593 57.81%
They are desperately trying to keep a lid on the rises- that is the reason for the negative press from 2 or 3 sources. Yesterday, they threw another $3 mil in gross shorts at it, but the sp still rose 13 cents ($4.35-$4.48)
Bit like pushing a stuck car only to see it roll further back, from a shorter's position. Or better, trying to apply the breaks but the machine just goes faster. They need to try to exit in an orderly manner- so bots at work trying to buy/sell/buy their way out of this.
Look, if I were a retail shorter atm (and I am not), I honestly would be jumping ship asap, as there are a lot of far bigger players who are likely also trying to make a hasty, but graceful, exit atm.
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
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