THE SHORTY REPORTY for 01Oct21 From Thursday to
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Posted On: 10/04/2021 7:48:25 AM
THE SHORTY REPORTY for 01Oct21
From Thursday to Friday EOD...
Surprising news from Friday...looks like price drop was probably from selling - not shorts.
The number of short contracts went up again. From 294 to 302.
The number of short shares went down - from 35,585,942 to 35,596,362. Ever so small jump with those 8 new contracts....
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 92.93 from 92.21 days. Longer term contracts are continuing to hold out and those short borrowing costs are going up.
In fact, the borrowing cost doubled from last week. Monday (27Sep21) was 10.98 and Friday (1Oct21) was 23.05.
Short lending volume went from 1,738,926 to 695,528 - still a lot lower than I was expecting. The shorts are still waiting in the shadows.
Remember, the shorts only make money if the stock price drops.
Based on the age of contracts, I'm thinking the entry point range of most short contracts to be in the early-Jun to mid-Jul 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 Thursday to Friday EOD...
Surprising news from Friday...looks like price drop was probably from selling - not shorts.
The number of short contracts went up again. From 294 to 302.
The number of short shares went down - from 35,585,942 to 35,596,362. Ever so small jump with those 8 new contracts....
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 92.93 from 92.21 days. Longer term contracts are continuing to hold out and those short borrowing costs are going up.
In fact, the borrowing cost doubled from last week. Monday (27Sep21) was 10.98 and Friday (1Oct21) was 23.05.
Short lending volume went from 1,738,926 to 695,528 - still a lot lower than I was expecting. The shorts are still waiting in the shadows.
Remember, the shorts only make money if the stock price drops.
Based on the age of contracts, I'm thinking the entry point range of most short contracts to be in the early-Jun to mid-Jul 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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