RE:Short position is down to 11Milsmallcaptdr wrote: We could be seeing shorts starting to cover their positions and that will always add to the volume the next short update should be out any day so expect to see 11Mil or 2.30% of the float change to a lower number.
The market is primiarly based on
Long Positions where investors and traders pick up shares with the expectation of selling them later at a higher price. A reduction in the
Short Position can be viewed as a positive for a stock as the "negative bets" are being withdrawn in antispation of better prices going forward.
I highly suggest anyone reading forums to understand what a short position is as it definately explains why you will often see certain users attacking a stock and claiming it to be a poor investment... they are short and are
under contract to buy the shares The worse case scenario of a short-position going wrong for a trader is captured well in the following article.
Example of shorting gone wrong.... https://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19