Shorts are increasing,over supply of stock,cheap rates 1.5%As the Seekingalpha author pointed out in a higher int rate, bear market shorts receive cheaper rates due to less demand for shares and availability. Currently 1.5%. Most short positions only require a loan representing 50% of the position. The bears have a good case in my opinion, since we are in a bear market for equities. The short report below confirms this and assume the next report will show even higher short reports. In a bear market shorts win. IMO .......
Next stop...$5.50 or 20% return in short order. IMO (best time to short would be just before earnings release for Q4 at the end of November and just before tax selling season is in full bloom. IMO
Cover December 27th, the end of tax selling season. Alot of investors bought well above the current S/P and Russel index ETFs/mutual funds redemptions will rise in tandem to the bear market. IMO
I rest my bear case....GLTA.
QIPT Short Interest
09/15/2023 | 801,253 | 274,398 | 2.92004 |
08/31/2023 | 735,969 | 149,656 | 4.917738 |
08/15/2023 | 706,800 | 114,378 | 6.17951 |
07/31/2023 | 695,651 | 146,335 | 4.753825 |
07/14/2023 | 813,896 | 233,484 | 3.485875 |
06/30/2023 | 789,829 | 710,787 | 1.111203 |
06/15/2023 | 166,622 | 229,217 | 1 |
05/31/2023 | 117,774 | 355,471 | 1 |
05/15/2023 | 71,576 | 153,715 | 1 |
04/28/2023 | 140,653 | 219,269 | 1 |
04/14/2023 | 127,592 | 143,627 | 1 |
03/31/2023 | 134,253 | 114,759 | 1.169869 |
03/15/2023 | 236,188 | 112,175 | 2.105532 |
02/28/2023 | 347,914 | 118,858 | 2.92714 |
02/15/2023 | 410,672 | 104,284 | 3.938015 |
01/31/2023 | 367,285 | 69,888 | 5.255337 |
01/13/2023 | 319,664 | 95,583 | 3.34436 |
12/30/2022 | 302,632 | 56,856 | 5.32278 |
12/15/2022 | 276,270 | 21,871 | 12.631796 |
11/30/2022 | 269,000 | 30,810 | 8.730932 |
11/15/2022 | 265,693 | 26,502 | 10.025394 |
10/31/2022 | 263,146 | 17,864 | 14.730519 |
10/14/2022 | 263,353 | 31,585 | 8.337914 |
09/30/2022 | 275,793 | 46,989 | 5.86931 |
09/15/2022 | 247,254 | 59,067 | 4.185992 |