THE SHORTY REPORTY for 29Sep21 From Tuesday to
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Posted On: 09/30/2021 9:21:32 AM
THE SHORTY REPORTY for 29Sep21
From Tuesday to Wednesday EOD...
Not a lot changed from yesterday.
The number of short contracts went up again. From 281 to 286.
The number of short shares went from 37,127,000 to 37,144,468.
They've hit the ceiling on shares to short...But that can change either way at any time now.
Again, just for comparison, on 30Jun20 there were only about 19M shares short....yesterday it was still DOUBLE that
Avg short contract is now 89.46 from 88.59. Longer term contracts are continuing to hold out and those short borrowing costs are going up.
Short lending volume went from 1,489,254 to 139,232 - relatively quiet day for short volume.
Cost to borrow went from 11.00 to 14.25 - nice little jump up.
Another increase of 5 short contracts in one day 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 Emerging Growth conference answered a couple of questions but nothing substantial to give support. I expect price erosion as shorts do their thing to suppress share price.
[May need to click right-mouse button over image and choose "Open Image in New Tab" to see the details.]
From Tuesday to Wednesday EOD...
Not a lot changed from yesterday.
The number of short contracts went up again. From 281 to 286.
The number of short shares went from 37,127,000 to 37,144,468.
They've hit the ceiling on shares to short...But that can change either way at any time now.
Again, just for comparison, on 30Jun20 there were only about 19M shares short....yesterday it was still DOUBLE that
Avg short contract is now 89.46 from 88.59. Longer term contracts are continuing to hold out and those short borrowing costs are going up.
Short lending volume went from 1,489,254 to 139,232 - relatively quiet day for short volume.
Cost to borrow went from 11.00 to 14.25 - nice little jump up.
Another increase of 5 short contracts in one day 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 Emerging Growth conference answered a couple of questions but nothing substantial to give support. I expect price erosion as shorts do their thing to suppress share price.
[May need to click right-mouse button over image and choose "Open Image in New Tab" to see the details.]
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