EDGA & EDGX Daily Short Numbers

[harry2013]

It looks like orders through EDGX and EDGA exchanges together account for a good chunk of the daily traded volume in NQ.

Since both EDGA and EDGX release both daily short numbers and daily traded volume on their website, they represent the most accurate proxy to total shares sold short each day as a percentage of traded volume.

For instance today (2/19/2014) total NQ traded volume was 2,081,208

EDGX short volume was 241,561 of 424,598 shares traded and

EDGA short volume was 22,637 of 38,437 shares traded.

So approximately 22% of NQ shares traded went through EDGA & EDGX and of those shares approximately 57% were sold short (which I would infer is representative of total shares sold short today).

Obviously 57% daily short is a massive number, but seems to be inline with what we're seeing in terms of the price action i.e. a massive effort by shorts to contain the share price below the 18.50 levels.

If this carries on, I suspect we will see an even bigger increase in the official short numbers when the next NASDAQ report for mid-Feb comes out.

[TrueValueSeeker]

Feb options expires on coming Friday. 18.50 is the fighting ground for both long and short.

Let short sellers keeping  short until clean positive audit report released.

Then there is a huge short squeeze and no way to cover.

[TrueValueSeeker]

It looks like orders through EDGX and EDGA exchanges together account for a good chunk of the daily traded volume in NQ.

Since both EDGA and EDGX release both daily short numbers and daily traded volume on their website, they represent the most accurate proxy to total shares sold short each day as a percentage of traded volume.

For instance today (2/19/2014) total NQ traded volume was 2,081,208

EDGX short volume was 241,561 of 424,598 shares traded and

EDGA short volume was 22,637 of 38,437 shares traded.

So approximately 22% of NQ shares traded went through EDGA & EDGX and of those shares approximately 57% were sold short (which I would infer is representative of total shares sold short today).

Obviously 57% daily short is a massive number, but seems to be inline with what we're seeing in terms of the price action i.e. a massive effort by shorts to contain the share price below the 18.50 levels.

If this carries on, I suspect we will see an even bigger increase in the official short numbers when the next NASDAQ report for mid-Feb comes out.

With such a big effort from short sellers, NQ stock price only down 2 penny for the day.

There is no much left for short sellers.  Long NQ just be more patient.

[kshen]

Date Symbol Name Short Volume Long Volume Total Volume Short%
2014-02-19 NQ Netqin Mobile Inc 453384 501471 954855 47
2014-02-18 NQ Netqin Mobile Inc 328874 525842 854716 38
2014-02-14 NQ Netqin Mobile Inc 520617 515059 1035676 50
2014-02-13 NQ Netqin Mobile Inc 716497 785850 1502347 48
2014-02-12 NQ Netqin Mobile Inc 565375 535806 1101181 51
2014-02-11 NQ Netqin Mobile Inc 524787 772289 1297076 40
2014-02-10 NQ Netqin Mobile Inc 695065 1106583 1801648 39