EOM Q&A 5.12.16 Short Interest Data


Question on –> 4.  Has a high percent of short interest.
How do I find/see the short interest on a stock?
 
A.  First-there is Official and Unofficial Short Interest data.
 
What is Short Interest?  The total number of shares of a security that have been sold short and not yet repurchased. of shares of a security that have been sold short and not yet repurchased.
Unofficial Short Interest-anytime a “short-able” security has fallen more than 50%, there will be a high number of shares
being shorted.  To get out of a short position, one must buy-to-cover.  This causes what is called a “short-covering” rally. 
 
Official Short Interest.  I like this site for Short Interest data….along with the WSJ info.
As of 4/29/16, the short interest data on DUST.  
 
This data is not available in real time.
 
Have questions-send them my way!
 
DOE
 


Good Evening,

Those breaking the rules and shorted into last night’s close are not “happy campers” tonight-data from stockcharts.com.  Per the Sectors, Energy took the top honors.
I do not know what happened this AM that brought buyers in….it definitely was not the $USD selling off.  Here is my chart showing the $USD with the SPX and commodities.  The vertical red line highlights the price reversal.
Tomorrow, I begin a new feature “EOM Q&A,” where I answer your questions.  The first question-where do I see the next upside target?    The posts be kept in a file in the “Members Vault,” beginning in June.
Tonight I feature DUST-their profile from Yahoo Finance.
Key Points on DUST…
1.  Is leveraged 3X
2.  Trades inverse to $GOLD with a -.93 correlation
3.  Dropped 97% from the previous high
4.  Has a high percent of short interest
5.  Previous lows were identified with the RSI and Slow Stochastics
At some point, GOLD will have a larger correction…and can stimulate a fierce “short covering” rally with DUST.  With such a
low price, it would not take much to have a 20-30-40% run, or even higher.
Don’t forget tomorrow’s EOM Q&A roll out.
Enjoy your evening!
DOE

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