Another incredible surge for SWCM this morning.
But, amid the party, I have a couple of points/issues. Below is the latest info on the short interest in SWCM:
Date Shares Short ADV Cover Ratio
10/99 280,726 106,818 2.63
09/99 73,090 222,265 0.33
08/99 44,089 308,838 0.14
07/99 11,100 1,337,948 0.01
1. Notice the almost unbelievable rise in short interest on this stock while ADV falls.
2. Notice the steady decline in ADV from July... Now, I'm not paying much attention to
the July volume, but Aug-Oct decline is more significant. I don't like such a huge run-up unaccompanied by major
volume. Feels like it could vanish quickly...
Anyone else have thoughts on that? |
