Reconnaissance Energy (Africa) Ltd V.RECO

a new total

[Bpultra]

[C1v1k6]

I have a hard time wrapping my head around shorting. It says they have 8 days to cover. Is there a way to see what they have/need to cover ?

[pacer001]

C1v I too have a hard time understanding shorting in that it seems that there are different rules and procedures for different entities and circumstances. The 8 days to cover though seems excessive I thought it was less and for exposed trans in my accounts with Ameritrade it is only 4 trading days. 

[cyrustg]

Pacer- I also think it is only a couple of days to cover under the new rules.The 8 days  ,I believe , is the number of theoretical days to close all the short positions based on the  number of shorted shares and the trading volume that day . For example , if the  trading volume on say Tuesday was around 800k and there were around 6.5 million shares shorted , then it would take about

[pacer001]

Thanks cyrust.  I dream of another stock like my old DryShips. It was like a slot machine that always hit 777's until I cashed out all my shares. I hope Recaf will be it!