One more chance to clarify.One more chance to clarify. And yes, I did slip a decimal point to further confuse things.
The site where I found % of short interest to float is
https://www.vantagewire.com. Put in SST in the quotes search box and then click on the Profile tab. Scroll down to the short interest.
They give the outstanding shares as 75 million, but do not list the number of shares in the
float, which is usually much less. In this case, I calculate that they are using about 24 million as the number of shares in SST's "
float." Could it be that SST only has 24 million shares in the
float?
"outstanding shares refer to the number of stocks that a companyactually has issued. This number represents all the shares that can bebought and sold by the public as well as all the restricted shares thatrequire special permission before being transacted. As we alreadyexplained, shares that can be freely bought and sold by publicinvestors are called the float."
The updated numbers show 486,700 shares short and they now say that comes to 2.3% of the
float which would translate to just under 24 million shares. Yes, it is only .68% of the 122.4 million shares
outstanding as gottatry points out. But they are using % of the
float.
At any rate, better to use the more widely accepted "days to cover" to evaluate and compare the short interest. That is figured by dividing the total number of shorted shares(486,700) by the average daily volume (178,000 last 2-3 weeks) = 2.7days to cover. Anything less than 2-3 days is considered insignificant.So unless there is naked shorting that is not reported, it would appearthat SST is not a victim of shorting.
Hope this clears things up a little better this time