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ITT Educational Services Inc. Message Board

  • reinvestor_04 reinvestor_04 Jul 12, 2013 3:58 PM Flag

    Trading volume

    Trading volume has been really low lately. I think today it was about 1/3 what it has been. Kind of freaky to see the trading volume so low, yet the price inching up. This could be really bad news for the 8.5 million shares that are short right now. It would take over a month for the shorts to buy back their shares at this daily volume... and that's if they are the only ones buying? They won't be. So it could be a really tough spot for them folks who shorted ESI. Can you say "margin call."

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    • They say "the only good advice I got from a broker was a margin call"...I think that would be true here with ESI.

      If the recovery high of $28 can be broken and maintained, look for a run over $35. The key will be earnings, to get this moving and the shorts to panic.

1.87-0.07(-3.61%)4:02 PMEDT