Eat my shorts
I’m new to this stonks stuff so am just seeing if I grokk how this works. According to stockgrid.io, short positions for $CLOV in darkpools are currently over 104% of the float. If you include what is on Ortex (23%), 129% of the float is being shorted. Since DTC is less than 1 day, doesn’t that mean since the volume is <100MM/day, that the demand outweighs the supply, and all things being equal, the price should then go up? What’s keeping it down then? Naked selling? People willing to sell at a loss? I really don’t get it and just hope someone can ELI5 it to me….
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July 15, 2021 at 12:58AM