Fobi AI Inc V.FOBI

The Short Report

[Stillconfused]

The Short Report                                                        

 

Short position July 15                                 491,576                         

Short sales July 15 to July 31                     896,055         13.339% of total volume        

Short covering July 15 to July 31              -894,234         13.312% of total volume        

Short position July 31                                  493,397                         

 

Short sales as a percentage of volume                13.339%                        

Short coverings as a percentage of volume        13.312%                        

Shorters are on one side or another of trades 26.6% of the time                                        

 

Average volume for the last 5 days =                109,195                        

if shorts can cover at a rate of 13.3% of volume per day, they can cover off 14,566 shares per day                                                        

At the current rate, it will take shorts about 34 days to cover                                                        

Is there only one shorter, or is there a competition for shares?        

It is doubtful that retail investors can short this stock                                

Although short volume is only 13.3% of volume, it is 19.9% of trades                                

There are a lot of short trades trying to downtick the price with 100 share trades        

        

Does this mean there is desperation setting in?                                                        

 

All of this assumes that the short reporting is accurate as IIROC has a big disclaimer that these are only the numbers that are reported to them

                                                

Draw your own conclusions

[stackem]

That's awesome thank you! Seems like its some larger holder of the short positon maniplating the price, still under accumulation. It's not in weak hands thats for sure! There will be a large covering to create one of the previous spikes and that will happen just before the announcement of the financials and signing of contracts, IMO GLTA!

[filoux004]

Thank you for that Short Report, now we await the financials.

[thearab]

Stillconfused-Excellent report thanks for posting.J.J.

[PaperBoi222]

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