TL, here is the mistake!TL, you did the same mistake as I did. Don't feel bad, I don't. The wording had it as of "today" but if you scrool down, it's takes it from July 16th!
The lesson here is than nobody should following random posters here without doing their own research!
Are you in or out? Is your other tool VV on the valuation side? The question I has is how did this stock not take off with the short covering?
SoMedia Networks Inc (TSXV:VID)
Short Interest
4.12% (As of Today)
Short interest can be expressed as a percentage by dividing the number of shares sold short by the total number of outstanding shares. Short interest can also simply be expressed as the number of shares sold short by investors but not yet covered or closed out. As of today, SoMedia Networks Inc's short interest is 4.12%.
Definition
Short interest can be expressed as a percentage by dividing the number of shares sold short by the total number of outstanding shares. For example, 3% short interest means that 3% of the outstanding shares are held short. Short interest can also simply be expressed as the number of shares sold short by investors but not yet covered or closed out.
Explanation
Short interest is a market-sentiment indicator that tells whether investors think a stock's price is likely to fall. Short interest can also be compared over time to examine changes in investor sentiment. Investors use short interest to make predictions about the direction a particular stock is headed, and to measure the bullishness or bearishness of investors' sentiment towards the market as a whole.
Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
SoMedia Networks Inc Historical Data
| | 2015-03-02 | 2015-03-16 | 2015-04-01 | 2015-04-16 | 2015-05-01 | 2015-05-19 | 2015-06-01 | 2015-06-16 | 2015-07-02 | 2015-07-16 |
| Short Interest | 0.08 | 0.69 | 0.06 | 0.13 | 0.04 | 0.70 | 0.88 | 3.27 | 4.49 | 4.12
|