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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (3797)	2/12/2000 11:37:00 PM
From: Wayne K	Read Replies (2) \| Respond to of 4467

To All: Interpretation of Short Positions I really would appreciate if someone could give me a little help on interpreting a short position chart. I've listed a portion of WIM below as an example Short Positions symbol date of report change balance #shorts/daily volume WIM 2000-01-31 (371,100) 141,900 0.037 WIM 2000-01-15 (4,491,620) 513,000 0.689 WIM 2000-01-15 (4,491,620) 513,000 0.689 WIM 1999-12-31 (4,854,686) 5,004,620 10.262 My interpretation is that there is a very low short position on this particular stock, down by 4 million shares in 15 days (which would lead me to believe that there is confidence is the stock), on the date of filing on the date of filing. Now what I'm a little confused at is the ratio portion "The ratio of #short positions to Daily volume is a measure of how short a stock is. It is basically the number of days required to unwind the short position. The ratio uses a 5 day average volume around the report day to get a more stable number." I really don't understand what is meant by "the number of days to unwind the short position" Any help greatly appreciated. Regards Wayne