Short InterestShort Interest has dropped 16,993 from 94,677 as of 1 February to 77,684 as of 15 February. Here is the graphical and tabular report:
https://www.dailyfinance.com/company/baja-mining-corp/baj/tor/short-interest
This conincides with share price increase we have seen in the first two weeks of February.
Here is the price chart:
https://stockcharts.com/freecharts/gallery.html?baj.to
Since, in the last 4 sessions, we have seen a slight share price drop.
What will happen next?
The absolute short interest amount is small in comparision to the daily trading volume. Its inpact should be small. Is the share price drop in the last 4 sessions an indication of a reversal and increase in short interest? The next report is for 1 March. Share volume has dropped off slightly in the last 4 sessions which does not make the recent price drop conveniencing.
Technically, on the daily charts the MACD fast line has converged on the slow line and is threatening to cross below and the MACD is heading down on the zero line but the MACD has been sticking close to the zero line and the 50 day moving average has been declining only slightly and it has had little impact on the longer term upward trend.
The longer term upward trend curve since last October has been getting steeper so the techinical bet would favour this to continue and even increase as the short term MACD did cross above the zero line in February. Next week expect the share price to resume its longer term upward trend despite the mild negative short term technical indicators that can swing up again easily since the indicators have been running so shallow.