Hey, folks -- the latest short interest information -- now including May 1999.
05/99
Shares Short: 3,062,074
ADV: 4,614,381
Cover Ratio: 0.66
04/99
Shares Short: 4,959,278
ADV: 3,760,794
Cover Ratio: 1.32
03/99
Share Short: 4,529,187
ADV: 4,760,483
Cover Ratio: 0.95
Remember, the cover ratio is (shares short) /(ADV)
Note that CMGI posted the 15th largest decline in shares short and the 8th largest percentage decrease in short interest. I think the cover ratio is at least at a 12-month low.
These figures do not appear to reflect the split last week…
I find these numbers rather bearish, since they imply that most have covered and there would be no short squeeze to propel us higher in the near term.
Scarecrow |
