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To: CPAMarty who wrote (33533)5/31/1998 12:48:00 PM
From: CPAMarty  Respond to of 50808
 
the following quote from the above-mentioned article is helpful in calculating the days to cover given a short interest figure

"John Gould and Allan Kleidon in the Stanford Journal of Law, Business & Finance in 1994 analyzed this method of counting volume and concluded that roughly 41% of Nasdaq volume is investor-generated. The rest--59%--is marketmakers trading among themselves, known as "the churn."