Month Shares Previous Change Days to Cover
03/99 4,043,624 1,435,910 2,607,714 1.7
04/99 10,174,314 4,043,624 6,130,690 3.4
05/99 11,062,971 10,174,314 888,657 6.4
06/99 9,727,514 11,062,971 -1,335,457 4.6
07/99 8,756,900 9,727,514 -970,614 5.9
08/99 11,631,568 8,756,900 2,874,668 5.8
09/99 26,637,950 11,631,568 15,006,382 3.8
10/99 24,942,658 26,648,550 -1,705,892 1.1
11/99 19,884,422 24,942,658 -5,058,236 1.8
I'm no expert on shorting stocks or short interest. But, I found this on Companysleuth.com.
It looks as though short interest dropped some last month. I don't know more recent numbers.
Probably not available. My guess is when
a stock (most any stock) has a quick run up in price like GBLX has then it gets noticed by
short sellers who anticipate the "inevitable" correction in price.
But, from the table above it appears that since GBLX has held it's price up relatively well
over the last couple months some of the shorts have bailed.
I'm sure there are others on this thread with more insight into how this part of the market works.
marty |
