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Vet67to82 (< 20)




April 27, 2009 – Comments (0) | RELATED TICKERS: LEU , FAS , ED

 I have been watching USU and I am pleased with today's action.  Especially, I have been watching the short interest in this stock.

USEC Inc.  (USU)    NYSE

Settlement Date ..Short Interest .. Avg Daily Share Volume ..Days To Cover

4/15/2009   ....    22,504,479  .....    2,142,140     ............      10.505606

3/31/2009   ....    23,521,523   .....   2,118,813     ............      11.101274

3/13/2009  .....    23,178,635  .....     2,170,097    ............       10.68092

    One of the metrics I watch is the OBV.  The On Balance Volume in USU was, and is,  negative trending higher.  The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and shows that there is considerable buying interest. 

    However, I also have my own personal indicator, one of several,  that works on short positions in combination with other metrics.    In that regards, the market's calculation of 10.5 days to cover USUs short position is less when the OBV is greater than zero, and longer when the OBV is less than zero.   The only offset in that regards is a drastic increase (or decrease) in a stock's price. 

    Of course, I'm still tweeking the formula ... but it's still finding winners. 

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