The following published legal shortselling, which include share-lending, is only the peak of the iceberg of the complete shortselling - because about not legal naked shortselling were not reported and this bigger part can therefore not be part of the following published numbers.
Settlement Date
Short Interest
Avg Daily Share Volume
Days To Cover
11/15/2013
1,693,566
107,853
15.702540
10/31/2013
1,680,704
158,324
10.615598
10/15/2013
1,652,450
93,648
17.645331
9/30/2013
1,599,926
131,519
12.164980
9/13/2013
1,639,982
692,376
2.368629
8/30/2013
1,553,047
77,779
19.967433
8/15/2013
1,565,343
83,615
18.720840
7/31/2013
1,583,992
84,438
18.759232
7/15/2013
1,565,566
80,974
19.334181
6/28/2013
1,577,491
87,971
17.931943
Idiotic low stock price of Local Corp = fundamentals - emotions - naked shortselling
But emotions and naked shortselling will never be ever.
Ignore the published shortselling-numbers, because naked shortselling is not part of this published shortselling numbers. After my estimates naked shortselling is about 5 - 10 million of 23 million of the outstanding shares.
And I am sure, that we will see one of the most gigantic shortsquezzes in the history Nasdaq. |