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Parker Drilling Co. Message Board

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  • manboking manboking May 28, 1999 10:33 PM Flag

    PKD & NYMEX

    bridghat... the short interest is made up of the
    total number of shares that people sold in betting that
    they will be able to buy them back later on at a lower
    price. When this number becomes high, then can
    nterpreted as bullish (pent up demand) in time they will
    have to cover (buy back the shares), causing the price
    to go up. Most people hardly ever short stocks
    because is against the grain, so this is usually done by
    institutions trying to hedge their bets, and on arbitrage
    situations.

 
PKD
2.24-0.210(-8.57%)Jun 24 4:04 PMEDT