How can the volume so far today equal 36.5M shares yet the stock price has remained relatively steady? As we have discussed before, there is no logic to it. Has to be MM's, Tutes, and Hedges working together to the disadvantage of the retail investors. Todays short trading volume and short ratio will be very interesting and telling numbers!
I wouldn't be too concerned with the 'sell-down', there is still plenty of short volume out there to cover. Holding this stock through the spin off is a no brainer.
Update, There still has to be 25m shares plus short as we approach the opening bell! That assumes all pre market and after hours volume was short covering!!
So far, the between After Hours and Pre Market (with still an hour to go) the Max of short shares that could be covered is about 3.5m shares with a $2+ price increase. That leaves something in the order of 33M shares on the short side. We have all been waiting for this!
Hey Jay, Chill, Pal. I don't have any short positions in my portfolio at this time except a few 'puts' unrelated to NRF. The number in my original post is the total of all short seller's positions in NRF based on the twice per month reporting requirements.
Explains why the stock suffered in the regular session. I would guess that the 'current' short position has to be somewhere well above the 37m share level. Does not appear that there was any information 'leak' before the actual announcement, today. These guys have real class!
Total short position 36.89m Shares!
Nor is the ACA 'posted on the web'.......but, taxpayers have spent over $1B working on it!!!
I think you are correct..........except for the ones that do get cancer and other serious illnesses. But, I am sure there is an 'final solution' for them under the plan? You people just spew out whatever seems to fit. Do you ever think?? Just asking......
FTR has the 'HTB' designation at Schwab. Does Fidelity indicate an interest charge to borrow NRF? I would think that institutional shares would have a surcharge, unless of course, they are margined at Fidelity?
Schwab must not have a very active short trade in NRF? or, their data is bogus? They won't provide any information on short data when I call them.
There is a lot of NRF trading which is shown on level II as 'ADF' (Alternative Display Facility) which I believe is what is being referred too. This is particularly active during the 'tweener' trades when shorty is playing smack down.
Looks like Shorts are trying the 'stealth' exit approach first. Until someone big caves it will remain relatively organized! By mid 2014, the current price will look like an opportunity missed!
The folks that shorted NRF over the past couple of weeks are looking ?smarter? every day!