RE:Santa's rally starting a little early?JohnMayer wrote: Shorts will be in trouble this week. ESI usually rallies into the record date
Yeah, really rallying hard ... down $0.15 since your post here and only 4 more trading days before it goes Ex-Dividend at which time it will fall even more.
Many are hanging on for this one last dividend and then still have time to sell before the end of December for tax-loss selling after the bath they took earlier this year. Watch the volumes after Ex-Dividend date.
Meanwhile, total number of shorts since September have dropped by almost 1/3.
T : ESI | 2019-11-30 | 3,337,299 | 253,648 | 160,393,461 | 2.08 |
T : ESI | 2019-11-15 | 3,083,651 | 224,443 | 160,393,461 | 1.92 |
T : ESI | 2019-10-31 | 2,859,208 | -10,423 | 160,393,461 | 1.78 |
T : ESI | 2019-10-15 | 2,869,631 | -493,382 | 160,393,461 | 1.79 |
T : ESI | 2019-09-30 | 3,363,013 | -1,251,594 | 160,393,461 | 2.10 |
T : ESI | 2019-09-15 | 4,614,607 | 573,806 | 160,393,461 | 2.88 |
T : ESI | 2019-08-31 | 4,040,801 | -379,867 | 158,505,740 | 2.55 |
T : ESI | 2019-08-15 | 4,420,668 | 822,658 | 158,505,740 | 2.79 |