MRVC Short Interest declined this month - still almost triple from 1 year ago. Here are the last 17 months: I added the last column, which is the stock trading range in that month.
The jump in June coincides with the convertible debt offering. What does it all mean? I don't have the foggiest - you tell me.
Month Short Int Avg Vol Ratio Low-High Price
11/98 2,947,138 843,085 3.50 6.7-8.0 10/98 3,138,973 509,099 6.17 5.1-9.0 09/98 2,901,366 1,573,496 1.84 5.8-7.9 08/98 4,296,482 455,220 9.44 5.5-20 07/98 4,294,502 497,436 8.63 20-23 06/98 3,491,961 421,136 8.29 19-22 05/98 2,451,112 446,661 5.49 25-27 04/98 2,961,645 577,178 5.13 26-27 03/98 2,224,600 892,251 2.49 23-26 02/98 1,465,730 424,508 3.45 28-29 01/98 1,844,272 437,199 4.22 21-26 12/97 1,885,764 451,913 4.17 21-26 11/97 1,130,491 596,820 1.89 23-27 10/97 1,062,785 482,934 2.20 36-38 09/97 1,147,054 406,289 2.82 31-36 08/97 1,030,372 261,768 3.94 26-30 07/97 1,706,696 408,142 4.18 31-34
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