RE:Short Interest on NASDAQSPCEO1 wrote: The latest report for mid August is now available for NASDAQ and it showed short interest increased by 196,000 shares and that total short interest there is now 1,1 million shares or about 1.5% of the float. So, that is where some of the selling has come from that has pressured the stock oddly lower (at least thru 8/15).
Don't know what would be motivating the seller and a 1.5% short position is not a large one, but someone must feel like they know something that is going to send the stock lower still. It is worth noting that shorts, like longs, make mistakes.
Is that 196,000 shorted shares for a single week/2 week//month period? That would be roughly a couple of days worth of shares traded in US. So while its only 1.5% of the float its likely a good proportion of recent trades.