Looking at daily volume from end of December through January 15th we had above average volume. Was some of this shorts covering.... price also went up about $3 per share during this time frame. End of December there were approximately 19.5 million shorts..... My prediction 18.3 shorts now....at least that is my crystal ball pick... Who knows it might even be under 18 million!
I really can't see it increasing based on above observations... if it has increased....I would think that would not be good...
do you really think if it 17, 18 or 20 million, that it really will change how the stock has been trading???????? incyte made 2 attempts at the 200 dma and so far has failed miserably, short interest what ever it is will not change that
I have tried not to respond to your idiotic comments, but this one beats them all. Are you saying that the ability of shorts to control stock price is not reflective on the percent of shorts? If so, you really can't believe that!
What conclusions do you draw if short interest drops as maddi suggests and then the price drops as well as it has from 19 to sub 18. Boy, that's going to confuse maddi's tiny brain. Maybe u can convince her that joe-the-plumber may not give a rats-ass about incy and that it all comes down to supply and demand and there just isn't any demand for INCY