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Sipex Corporation (SIPXE) Message Board

  • gsconstantine gsconstantine May 25, 2005 9:06 AM Flag

    new short interest data

    Still significant short interest. If good news comes before bad, the covering should provide an extra boost to the stock.

    Settlement Date-May 13, 2005
    Short Interest-581,852
    Avg Daily Share Volume 131,278
    Days to Cover 4.43

    Compare with
    Apr. 15, 2005
    621,032
    98,895
    6.28

    Mar. 15, 2005
    549,309
    235,610
    2.33

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    • "Short Interest-581,852"

      I wonder how many shares Tesla is short...

    • I'm not exactly sure how you've determined that 1.7% of the float short is significant, and days to cover at 4.43, that is nothing, that is a lower short percentage and dtc than probably 95% of the stocks in existance. Don't get me wrong, i'm hopin the stock turns up substantially, but if you think that is significant enough to squeeze the price a little higher, you're wrong. It's gonna take good news, and good news only.

      As an idea of what significant short interest is, look at one of my other stocks (HDTV), this is what is considered significant short interest:

      shares short: 6,111,851
      % of float short: 19.4%
      Avg. Daily Share Volume: 247,263
      Days to Cover: 24.72

      NOW THAT IS SIGNIFICANT.....AND I LOVE IT!!

      • 1 Reply to dmxistheshit
      • If good news comes out, the stock will go up significantly. The shorts will not be able to cover at anywhere near where the stock is now. There will not necessarily be that much liquidity in the shares for them to bid at. After all the stocks' troubles, most of the float is in the hands of long-term investors who are obviously ready to wait this story out.

        Just an added (if not an enormous) boost in the event of good news, as i said.

 

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