TSX:STB.DB.A - Post by User
Post by
slimjim11on Mar 10, 2016 7:06am
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Post# 24642348
Shorts are still on the hook, waiting to buy
Shorts are still on the hook, waiting to buyShort interest at Feb 12 was 1,785,329, and at Feb 29 was 1,622,458. The increase in volume was not used by the shorts to cover. To end their pain, they need to buy shares in the market. Because of the increased volume, the days to cover declined from 22 in mid-February to 6.5 at the end of February. Rising price on rising volume is considered a technical sign of strength. https://www.nasdaq.com/symbol/stb/short-interest