RE:Can someone interpret this short position snapshot for me?
I hope i don't say something wrong as i never short, short position isn'T something i look at often...
So what you see here is the (-28385) is the net change of short position between the 2 period. Here we can see that most poeple closed their short position on BNK in the last Month. The main reason i think, is poeple were used to BNK block between 2,5 and 3 $ so when we got near 3, lots of poeple short it, but since then, it has broken resistance and the since the new support level seems to be in the 3,00-3,10 range, it isn'T a good stock to Short at this point... The 14,258 is the number of short position still open and the 3,19 is the average price. Price volume is simple math (Number of short times average price) and the range well, it's the high short and the lowest short position....
At this point the only thing usefull would be that the overall feeling of the market doesn't feel it's going downward and won't short it since were near the Low end of the new support level... my opinion only....
white
PS: If anything i said isn't correct, sorry, like i said, i don't look often at short position...