For myself it gives meaning to the price action we've been seeing this month...in the past 2 updates we've seen an increase of about 40K in short interest.
| Date |
Number of Shares Shorted |
Net Change |
| Sep 15, 2019 |
510,808 |
30,455 |
| Aug 31, 2019 |
480,353 |
9,064 |
40K may not seem like much, but it was pretty much 1/2 a day's volume much of this month of September prior to the recent increase in trading volumes. Back at the end of Aug and the start of Sept we were up in and around $3, now we're hovering down around $2.50 to $2.60.....If shorts had been covering in tandem with the PPS coming down I'd have cause to worry at least some, but that's just me, others can do with the info as they wish of course, or disregard it altogether.
