Huge Short Volume The short position volume on HIVE is insane!
look at the ratio on feb19th! More than half of all
Volume was people taking short positions, (myself included) days before the crash!
Smart money is pumping this up, and then shorting it on the way down. Lol this company is a market play toy, hence the wild swings from 8 cents to 4 dollars.
shorts will continue to do their thing, and enact downward pressure on HIVE. Even when bitcoin recovers, HIVE will be still be stuck at under $5 for an extended period of time like before at the $3 mark.
Not surprising HIVE attracts shorters, when you consider The fundamentals.
1. 350 MILLION shares outstanding, means large short positions can be taken without risking not being able to cover, relative to the float.
2. very liquid
3. hugely overvalued
4. Driven by speculation and not fundamentals
But hey.. what do I know right ?
*puffs cigar*
*counts HIVE investors money*
-Bac0n
| Market Date | Short Volume | Total Volume
(MM Shares) | Short Volume Ratio |
| 2021-02-22 | 4,491,329 | 11.98 | 37.49 |
| 2021-02-19 | 7,317,514 | 13.09 | 55.90 |
| 2021-02-18 | 5,638,626 | 12.62 | 44.67 |
| 2021-02-17 | 6,986,073 | 12.62 | 55.34 |
| 2021-02-16 | 8,383,162 | 14.30 | 58.64 |
| 2021-02-12 | 7,816,296 | 12.93 | 60.44 |
| 2021-02-11 | 2,442,226 | 4.73 | 51.68 |
| 2021-02-10 | 1,951,053 | 6.64 | 29.40 |
| 2021-02-09 | 3,315,518 | 6.64 | 49.96 |
| 2021-02-08 | 3,035,044 | 6.96 | 43.60 |