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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Captain Nemo who wrote (385)1/31/1998 11:16:00 AM
From: Nero  Read Replies (1) of 2693
 
Nero to Nemo:

January short interest on IRIDF still high.
Shorts must be falling all over each other
to cover after the runup in the past 2 weeks:

Average
Shares daily
short volume S/A*
01/98 817,490 156,718 5.22
12/97 842,474 128,095 6.58
11/97 849,294 559,606 1.52
10/97 683,197 320,249 2.13
09/97 974,377 501,248 1.94
08/97 549,303 571,777 0.96
07/97 229,037 680,590 0.34
06/97 97,766 3,068,259 0.03

* S/A = Shares short/avgerage daily volume;
it may be used as a rough measure of days to cover.
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