Take a look at the corresponding charts -- in both cases the decline in short interest coincided with rise in the stock price. Looks like the shorts had to cover...
So, watching these numbers could help determine when a "short squeeze" is coming on? How do you catch the "short bubble" bursting?
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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INTEGRATED SILICN (ISSI) SqueezeTrigger Price: $6.87 Days on Threshold List: Current Price: $5.31 Current Volume: 298502
Report Month 7/2006
Short Volume (number of shares) 2217053 Short Dollar Value 11829374.81 Monthly SqueezeTrigger Price 5.3356 Price at End of Month 5.22 Amount Above/Below Avg, Short Price 0 % Above/Below Avg. Short Price 1 Total Number of Short Trades 7677 Short Tickets (S) 5184 Short Exempt Tickets (E) 2493 % of Short Exempt Trades 0.324736225 Total Short Interest 1224368 Volume Weighted Average Short Price 5.3356 Time Weighted Average Short Price Shares Outstanding 37490000 % of Shares Outstanding Shorted 0.059137183 Float (stock not owned by insiders) 37190000 % of Float Shorted 0.0329 % Owned by Institutions 0.752 % Owned by Insiders 0.0059 Total Change in Short Interest -0.541 Days to Cover 2.5779 Average Daily Volume 474942
US CONCRETE INC (RMIX) SqueezeTrigger Price: $10.31 Days on Threshold List: -235 Current Price: $6.05 Current Volume: 404659
Report Month 7/2006
Short Volume (number of shares) 2114424 Short Dollar Value 21714603.96 Monthly SqueezeTrigger Price 10.2697 Price at End of Month 8.71 Amount Above/Below Avg, Short Price -0.2 % Above/Below Avg. Short Price 1.022962113 Total Number of Short Trades 9139 Short Tickets (S) 7589 Short Exempt Tickets (E) 1550 % of Short Exempt Trades 0.169602801 Total Short Interest 2491312 Volume Weighted Average Short Price 10.2697 Time Weighted Average Short Price Shares Outstanding 38630000 % of Shares Outstanding Shorted 0.054735283 Float (stock not owned by insiders) 32830000 % of Float Shorted 0.0758 % Owned by Institutions 0.723 % Owned by Insiders 0.1499 Total Change in Short Interest 0.6897 Days to Cover 4.5945 Average Daily Volume 542227
IMMUNOGEN INC (IMGN) SqueezeTrigger Price: $5.08 Days on Threshold List: Current Price: $3.72 Current Volume: 150503
Report Month 7/2006
Short Volume (number of shares) 647116 Short Dollar Value 1968315.097 Monthly SqueezeTrigger Price 3.0417 Price at End of Month 3.01 Amount Above/Below Avg, Short Price 0 % Above/Below Avg. Short Price 1 Total Number of Short Trades 2434 Short Tickets (S) 1910 Short Exempt Tickets (E) 524 % of Short Exempt Trades 0.215283484 Total Short Interest 949198 Volume Weighted Average Short Price 3.0417 Time Weighted Average Short Price Shares Outstanding 41400000 % of Shares Outstanding Shorted 0.015630821 Float (stock not owned by insiders) 40990000 % of Float Shorted 0.0231 % Owned by Institutions 0.37 % Owned by Insiders 0.1092 Total Change in Short Interest -0.5975 Days to Cover 2.2416 Average Daily Volume 423431
-------------------- ......in Psychiatry circles it's known as a "warning sign" Posts: 1736 | From: Saint Louis | Registered: Jul 2005
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