Sturm, Ruger & Co. Inc. Message Board
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the float is tight
Longs aren't selling at these prices. Shorts can't cover and are up late with really stanky stomach acid, waiting for their doom.
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I estimate shorts covered 2258628 shares and opened 1762060 since 1/31/13. I sure hope your correct though. Please, please let short group have lost their ability to manipulate price down.
Sentiment: Hold
- 4 Replies to gilgold2
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gilgold2 - It seems Yahoo has "spaced" your explanation to me of how you are calculating this ALONG WITH my response, which was:
That's very interesting. Have you backtested it and found that it accurately predicts what the actual short interest will be from the previous settlement to the next settlement date? I have seen that site before but I was not clear on whether or not the daily short volume that they give is the short positions initiated during that day MINUS the sum of the portion of those same positions that were also covered during that same day and the old short positions that were covered that day. -
Sorry, My laziness; mechanically I left calculator's figures as is giving an impression of accuracy worthy of teasing. Resubmit, 2258000 and 1762000.
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Your precision is entertaining. Are you sure it is 2258628 and not 2258627?
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How the heck do you estimate that ?
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