But that means that 60% were buys. More buyers than sellers makes the stock go up. Either tax loss selling is done or we have seen the bottom. I think there is good chance we will see $.75 before the end of the year!
Jad - even FINRA knows that they must change their daily short methodology - All trades done by market makers on a proprietary basis are considered short sales - which doesn't make any sense whatsoever.
True - but if you look at the numbers before this run up their were very few shares "shorted" in these numbers, and no where close to 40%. It makes for an interesting stat that is different from prior behaviors.