THE SHORTY REPORTY for 30Sep21 From Wednesday t
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Posted On: 10/01/2021 10:01:13 AM
THE SHORTY REPORTY for 30Sep21
From Wednesday to Thursday EOD...
A few things changed from yesterday.
The number of short contracts went up again. From 286 to 294.
The number of short shares went down - from 37,144,468 to 35,585,942.
They're still at the ceiling on shares to short...But that can change either way at any time now.
Average short contract is now 92.21 from 89.46. Longer term contracts are continuing to hold out and those short borrowing costs are going up.
The jump up by over 2.5 days in one day makes one wonder where these older contracts are coming from....
Short lending volume went from 139,232 to 1,738,926 - a bit of a jump in volume and it was reflected in yesterday's price.
Remember, the shorts only make money if the stock price drops.
Cost to borrow went from 14.25 to 16.83 - slow crawl upward.
There was a report from FINRA yesterday that showed a cost to borrow of 49.12% yesterday. Not sure why the difference of rate here vs FINRA.
Another increase of 8 short contracts in one day and a drop in number of shares shorted. Looks like they're coming out of the woodwork....can somebody turn on the lights and get a can of Raid?
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.
Expect more turbulence as shorts shart their share shorting sharting...
[May need to click right-mouse button over image and choose "Open Image in New Tab" to see the details.]
From Wednesday to Thursday EOD...
A few things changed from yesterday.
The number of short contracts went up again. From 286 to 294.
The number of short shares went down - from 37,144,468 to 35,585,942.
They're still at the ceiling on shares to short...But that can change either way at any time now.
Average short contract is now 92.21 from 89.46. Longer term contracts are continuing to hold out and those short borrowing costs are going up.
The jump up by over 2.5 days in one day makes one wonder where these older contracts are coming from....
Short lending volume went from 139,232 to 1,738,926 - a bit of a jump in volume and it was reflected in yesterday's price.
Remember, the shorts only make money if the stock price drops.
Cost to borrow went from 14.25 to 16.83 - slow crawl upward.
There was a report from FINRA yesterday that showed a cost to borrow of 49.12% yesterday. Not sure why the difference of rate here vs FINRA.
Another increase of 8 short contracts in one day and a drop in number of shares shorted. Looks like they're coming out of the woodwork....can somebody turn on the lights and get a can of Raid?
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.
Expect more turbulence as shorts shart their share shorting sharting...
[May need to click right-mouse button over image and choose "Open Image in New Tab" to see the details.]
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