Institutions still dumping INTC
On June 24th, the INTC volume was 124m shares which is about 70m to 80m more than normal. Do you think some of those extra 70m shares might have been shorts covering the extra 56mil share positions?
I suspect the short interest will drop substantially when it is reported on 7/12 ?
The total short interest never goes to zero and 2% with INTC liquidity is not very much. It will not move the share price.
http://finance.yahoo.com/q/hp?s=INTC+Historical+Prices