yahoo wont let me post the link but there's a website someone posted yesterday (and yahoo took it down) that shows the short interest in a stock. it said as of yesterday that 15% of the float (2MM shares) were short... with 50% institutions, 25% insiders, does that really only leave 10% retail as long. if those shorts havent already covered a nice bounce could trigger a big time short squeeze and may give us a break from any dead cat. i added in the $9.90s and am ready for this ridiculous downtrend to be over. and if it is with some volume... POP goes the shorts and we're back in the game. Took my original position at $0.89 and added at $1.07 then was adding on this downtrend. so i'm happy either way even if i sold now but now i'm feeling better that this BS is over and its time to get back to days of green and profits in the 100%s and then some! GLTA
Short interest percentage is a number in addition to the float. So, if there is still 15% short interest there is 115% currently owned. Those shares that get sold short, they are owned by both the person/entity they were borrowed from and the person they were sold to.
That's how it works when you sell something you don't own, and will eventually have to return.
So, 50% institutions, 25% insiders, 25% retail, and 15% short. This is actually the text book ratio for a short squeeze. Companies with a ton of institutional ownership, a low float, and a short interest that is significant but not so huge that they can mount a powerful defense. What we need is a well healed group to "buy into the short."