RE:RE:RE:Day in Day Out ......3 kr,
1) Go to shortdata.ca 2) Enter IVN. 3) Look under heading "% Total Trades".
There you will find 33.622% for the last two weeks of March up till April 2. One in every three trades is a short. That is a record going back over three years.
Shorts don't need to control the float. They need to control the daily price action. Through unrelenting downward pressure in a thinly traded market, share price is drawn irresistibly lower as if by gravity. It's like walking around with 100 lbs on your back, even while eating. Eventually your knees buckle. Either that, or you get really strong.
This can't work well in a high volume scenario. Only with stocks that are thinly traded; 2 or 3 million shares a day, or less. I have my doubts about the official 1 or 2% value for shorts as percentage of float. 2% does not correlate well with 33.622%. And going back over the bimonthly figures, shorts are often 25 to 30% of total trades. Judging by the trading action, these short traders are not cashing out at market close. If anything, they're often doubling down in the final minutes. I suspect the real value for shorts outstanding is much higher than the "official" 1 or 2% of float value.