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Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (2205)4/30/1998 1:19:00 PM
From: Maverick  Read Replies (2) | Respond to of 7150
 
CHKPF share Short increased by 18% since 3/98. This explains the recent weakness.

Current (4/98) Shares Short: 557843
Previous Month (3/98) Shares Short: 471317
Change in Shares Short from Previous Month: 86526
Percent Change in Shares Short form Previous Month: 18%
Average Daily Share Volume: 626592

However the short interest is low = Current Shares Short / Average Daily Share Volume < 1 day, meaning that it'd take less than a day to recover the short.