New short interest up 1.85%
To 29.6 million shares short (from 26.06)
Stock was down slightly during this period.
I wonder who the majority of shorts are...
Traders who like this solid trend down since last November?
Investors based on fundamentals?
Mad Money watchers who short it based on Cramer's bashing of it? http://caps.fool.com/Blogs/ViewPost.aspx?bpid=76197&t=01008896777928732778
I'm sticking with my guess that there is a chance the recent lows made in early August are the lowest the stock will go. http://caps.fool.com/Blogs/ViewPost.aspx?bpid=77830&t=01008896777928732778
With 146% of this company being held by institutional and mutual fund owners... well, I don't see them selling out at any small or medium sized price increase... but assume they would continue to add shares as the price decreases...
Therefore I see this stock taking the stairs down (on further short interest increases), and elevators up (when short squeezes occur) from here on.
Hopefully the Mid-Q CC has some info on how far the buyback has gone so we can know the true % of float short numbers. Anyone care to guess when that CC will be?