(Total Views: 188)
Posted On: 09/26/2019 10:57:50 AM
Post# of 36568
Short interest updated.
652,897 as of 9/13
Avg volume is currently 57,280
As the avg daily volume goes down due to Kong’s holding on for the div, the days to cover goes up. I am not a pro at shorting stocks but my understanding is that 10 is a high days to cover number and could indicate a squeeze is coming.
Based on 652,897/57,280 = 11.3 days to cover. This could get interesting.
652,897 as of 9/13
Avg volume is currently 57,280
As the avg daily volume goes down due to Kong’s holding on for the div, the days to cover goes up. I am not a pro at shorting stocks but my understanding is that 10 is a high days to cover number and could indicate a squeeze is coming.
Based on 652,897/57,280 = 11.3 days to cover. This could get interesting.
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