Last week was a great week for the shorts. Anyone know how many of them are out and how many are left? My charts don't give me day by day, just month to month
I don't have an exact number yet, but there was huge volume traded last week (4 million shares on Friday alone). I have to believe that some of this was short covering at these prices.
Most assumed that "short coverage" would result in a rapid increase in the pps. The shorts here are too smart and are covering at these depressed levels. I believe the shorts to be exiting now...at their terms.