Huge Short Interest Reduction

[mistergern]

SETTLEMENT DATE SHORT INTEREST AVG. DAILY SHARE VOLUME DAYS TO COVER

07/15/2022 16,512,514 3,021,505 5.464996
06/30/2022 24,665,218 4,155,179 5.936018
06/15/2022 26,700,061 1,968,287 13.565126

!0 million shares covered in 30 days (21 trading days) approximately 500K per day.

As a frame of reference 60 million shares were short when J&J discontinued (roughly the same amount for months prior to the J&J decision).

As Cheng_Ho would agree, Shorts cover when the pps is about to increase. This level of short covering seems to indicate that Shorts see the pps rising significantly.

[rccola335]

this is what i figured happed during the sustained volume and price increase - I wonder if there was actually more covering that what is reported