THE SHORTY REPORTY for 28Sep21 From Monday to T
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Posted On: 09/29/2021 9:38:28 AM
THE SHORTY REPORTY for 28Sep21
From Monday to Tuesday EOD...
There continues to be more turds in the pool...
The number of short contracts went UP AGAIN !!! from 276 to 281 !!
The number of short shares went from 37,145,000 to 37,127,900 !!!
That’s only a decrease of 17,100 shares.
Just for comparison, on 30Jun20 there were only about 19M shares short....yesterday it was DOUBLE !!
Avg short contract is now 88.59 from 87.71. Longer term contracts are continuing to cost those shorts borrowing costs.
Short lending volume went from 389,176 to 1,489,524 - back up to "normal" levels.
Cost to borrow went from 10.98 to 11.00 - pretty much stable and low.
Overall, looks like another increase of 5 short contracts and pretty much the same shares short on contract.
Based on the age of contracts, I'm thinking the entry point range of most short contracts to be in the mid-Jun to mid-Jul 21 timeframe. CYDY was averaging about $1.75 around then.
Still looks like their next pain threshold is in the $2.70 to $2.75 price range. Maybe as low as $2.65.
This recent increase in the numbers shares short is very concerning in the current absence of solid news. The likelihood of Market Maker coordination of "shaking the tree" with some wild drops to trigger stop losses could continue. It doesn't look like Tuesday dip to $2.00 triggered many....so let's keep it that way.
[May need to click right-mouse button over image and choose "Open Image in New Tab" to see the details.]
From Monday to Tuesday EOD...
There continues to be more turds in the pool...
The number of short contracts went UP AGAIN !!! from 276 to 281 !!
The number of short shares went from 37,145,000 to 37,127,900 !!!
That’s only a decrease of 17,100 shares.
Just for comparison, on 30Jun20 there were only about 19M shares short....yesterday it was DOUBLE !!
Avg short contract is now 88.59 from 87.71. Longer term contracts are continuing to cost those shorts borrowing costs.
Short lending volume went from 389,176 to 1,489,524 - back up to "normal" levels.
Cost to borrow went from 10.98 to 11.00 - pretty much stable and low.
Overall, looks like another increase of 5 short contracts and pretty much the same shares short on contract.
Based on the age of contracts, I'm thinking the entry point range of most short contracts to be in the mid-Jun to mid-Jul 21 timeframe. CYDY was averaging about $1.75 around then.
Still looks like their next pain threshold is in the $2.70 to $2.75 price range. Maybe as low as $2.65.
This recent increase in the numbers shares short is very concerning in the current absence of solid news. The likelihood of Market Maker coordination of "shaking the tree" with some wild drops to trigger stop losses could continue. It doesn't look like Tuesday dip to $2.00 triggered many....so let's keep it that way.
[May need to click right-mouse button over image and choose "Open Image in New Tab" to see the details.]
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