shorts, page-402

Here the well-known graph from shortman.com.au where I marked the main "events" with an effect to the STX shorting...

In the last five weeks the aggregated short position was very stable around +/- 67m shares, without any significant short selling or short covering...
After the first wave of short covering, the daily trading volume was significantly lower during these five weeks and the share price moved slightly downwards...

The trading volume today is at a similar level as at the beginning of the 1st wave of covering and hence, it might mark the start of a second wave of short covering. The current published aggregated short position is 66.4m on May 15th. So, they still have some way to go. They can either pray for operational problems during the upcoming SE drillings or start to cover their short position over some time...A "parachute" in form of a capital raising will not be on the horizon at least in the upcoming two years, I would guess...

If today's trading volume is related to an upcoming corporate move, the shorters might went into panic mode... Then we might really see a spectacular short squeeze...


Very interesting weeks ahead...