7,500,000. shares short and 2.6 days to cover.
Not true. The number of shares shorted increases the float, thereby resulting in share dilution which causes the price per share to drop accordingly. So, shorting a stock to bet against it actually causes the share price to drop. Crazy.
I just sold on the pop. I'm concerned about insider selling and will wait to get back in. Meanwhile, buy BPAX and ride that up.
Days to cover=short interest (divided by) average daily volume.
And what does a figure of 2.6 days to cover signify/mean?THanks again, in advance
I am a bit new to SHORT-ING.When I've done my theoretical readings; it says the short positions can be left open for as long as the investor wishes to; When you say 2.6 days remaining to cover; can you please explain to me further.Many thanks in advance ...