Shorts, days to cover is just a number that I use as a guide. Shorts don't have to cover. I find the number by dividing the reported short interest by the 100 day average volume to give me my number. (days it would take all of the shorts to ocver their position if it was average volume and they were the only buyers). Under 5, not much effect. 5-10 and associated with a catalyst, it will add momentum to the trade. Over 10 and a catalsyt, let the fireworks begin.
Shorts, days to cover is just a number that I use as a guide. Shorts don't have to cover. I find the number by dividing the reported short interest by the 100 day average volume to give me my number. (days it would take all of the shorts to ocver their position if it was average volume and they were the only buyers). Under 5, not much effect. 5-10 and associated with a catalyst, it will add momentum to the trade. Over 10 and a catalsyt, let the fireworks begin.
love your watch lists --> very simple and straight to the point
thanks
Yup ! Awesome and thanks for sharing
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