Does this mean average volume has gone down?
Yes it means the average volume during that small time period is down. It just means less shares are changing hands during this period of time. It seems like a lot of people may just be in wait and see mode.
Could also be looked at as more people are unwilling to pay the current price to buy shares.
That’s some poor wording I used, maybe should have read:
Could also be looked at as fewer people are willing to pay the current price to buy shares.
7/29 short interest was 24,529,686 shares with 23 days to cover
8/15 short interest was 23,038,062 shares with 13 days to cover - Average volume way up.
8/31 short interest was 23,375,947 shares with 14 days to cover.
9/15 short interest was 22,562,288 with 35 days to cover.
9/30 short interest was 22,312,578 with 22 days to cover. - 50% higher average daily volume.
lowest short interest value since November, but still very high.
7/29 short interest was 24,529,686 shares with 23 days to cover
8/15 short interest was 23,038,062 shares with 13 days to cover - Average volume way up.
8/31 short interest was 23,375,947 shares with 14 days to cover.
9/15 short interest was 22,562,288 with 35 days to cover.
9/30 short interest was 22,312,578 with 22 days to cover.
10/14 short interest was 22,653,739 with 31 days to cover.
10/31 short interest was 22,463,375 (40.4% of float)
Nvidia went up 30% today based on a blowout quarter and an article said it was a short squeeze. NVDA only has 13% of float shorted.
BOFI is still 40% shorted!!! BOFI is doing great. All the lawsuits seem to have quieted down to noise of normal banking business. I can not imagine how high this one will pop when the shorts get squeezed.
BOFI Short Interest (% of float 11/15/16)42.50% UP 2.5% from 2 weeks ago.
The shorts are not going away. I think when the court cases are settled and announced then either the shorts will have their day again or they will get squeezed.
What’s the highest short percentage anyone’s heard of on a stock?
I think 42.5% is it for me.