Sam,
I worked as an Institutional Stock lender for over a year before I retired, so I know about short selling. Unfortunately, you can never get "current" short interest, as the regulatory agencies only require reporting that is at best, 30 days late.
BUT, you can see a lot from tape reading, as we are doing now.
2000 lots, as I am seeing at near 330 is not retail. How many of us trades $500,000 size in after hours? Well, not me that is. If I insulted anyone here, please, my apologies...
To answer your question. I would think more than 50% are short coverings here.
Frankly, the press is all over the $20 jump, but in % terms, isn't this about what YHOO did in after hourse also? I didn't follow YHOO earlier in the week, sorry..
Paul |
