OTCPK:LLEN - Post by User
Comment by
jdl51on Jun 16, 2013 10:33am
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Post# 21530272
RE: Russell Index-Rebalancing
RE: Russell Index-Rebalancing Looking at LLEN last year when they were deleted from the Russell 3000 on June 22, the short interest went from 2.9 million to 1.5 million the following week. It was close to their multi year lows at that time as well, 1.67 two weeks after deletion vs. 1.38 four weeks previous. Price dropped 10% after deletion even with the nearly 50% reduction in short interest. Looks like volume was a bit lower over the next few months, but that could also be partly due to summer effect.