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Skullcandy, Inc. (SKUL) Message Board

  • michaelsistowicz michaelsistowicz Dec 11, 2012 4:59 PM Flag

    Short Interest

    11/30/2012 6,329,151 shares 514,906 average daily volume 12.291857 days to cover

    There was 500,00 shares shed since 10/31

    Sentiment: Strong Buy

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    • the days to cover are 12.9 what does that exactly mean...Alot of times i see 4.9 days to cover but nothing is covered in 5 days ..

      • 2 Replies to eshuke1981
      • coreylynnh@sbcglobal.net coreylynnh Dec 13, 2012 12:41 PM Flag

        I wrote a reply but I am not sure why I don't see it posted. So I will make one again.

        The days to cover don't mean a hill of beans unless there is a short squeeze. If there is a short squeeze then days to cover could be an indicator as to how high the stock may go, but that is difficult to calculate because there are a lot of other unknown variables that will dictate the squeezed price. The problem I see is that too many investors on this message board and in general seem to be invested in SKUL for the short squeeze and a short term gain. This is why the short sellers win the battles. The new investors come in and when the price is driven down, perhaps by a shot of short selling, they bolt because they don't understand what happened, didn't get their big short term gain, or both. This leads to a "long squeeze", the short sellers can cover with little problem, and the cycle happens again at some point. If you are invested in SKUL for a short squeeze then you are wasting your time and probably money because you will likely do a panic sell when the price plummets. If the short squeeze happens then gravy, but you should be invested in this stock only because you believe they have a brand that will stick and believe they are a growth story that will continue. If you are investing for any other reason then find somewhere else to invest because you will likely lose money.

      • It's just taking the average daily volume and dividing the short interest bu it. The average daily volume fluctuates of course. It is a theoretical number based on IF every share was traded to cover (which of course it is not)....

        Sentiment: Strong Buy

    • Correction - since 11/15

      Sentiment: Strong Buy

 
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