GREY:XEBEQ - Post by User
Post by
Ciaoon Apr 07, 2021 2:22pm
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Post# 32950574
Short interest: extreme pessimism
Short interest: extreme pessimismShort interest was recently reported to the period ending April 1 at just under 10M shares [aprox. 28K trades (360 shares / trade)]. Current daily volume is just over 1M shares in the past couple of days. The next short report will be interesting.
Days to cover over 10 is a sign of extreme pessimism. It's not at 10, but sitll high, another sign that supports that the bottom was recently hit.
https://www.powercycletrading.com/what-is-a-high-short-interest-ratio/#:~:text=A%20day%20to%20cover%20of,10%25%20indicates%20strong%20positive%20sentiment