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!

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!

David England has sent you a SharpChart snapshot from StockCharts.com:

a SharpChart snapshot from StockCharts.com

Comments from David England:

Learn more about StockCharts.com!

copyright (c) StockCharts.com
This email was sent to eyeonthemarket@outlook.com, by thetraderseye@gmail.com. If you think that you have received this chart in error or to report abuse of our emailing feature, please contact support@stockcharts.com.
When your Vision and Goals are Clear-Results will Appear!
This information is for Educational purposes only.
It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *