'Relker' pid='16684' datel Wrote:For me it is very encouraging that the short level increased from 10.8 to 11.5 M and the shareprice increased as well.This means that the shorters hardly are able to put a lid on the bottle. I am of the opinion that the short squeeze already started.
I agree that the recent market action along with the increase in short interest is quite bullish and very encouraging.
I think it is also important to realize that the stated short interest in no way actually depicts the sum total of actual net short interests when one takes into account that there are multiplle accounts being traded, multiple exchanges and circular trading, coupled with various hedging practices including options.
If the pps actually increased by $100, there would still be significant short interest in IOC, but that would not necessarily reflect actual data on the net position of the investors. Something to keep in mind.
Then there is the possibility/probability that the pps is being pressured downwards or at least being held down by an entity that wants to keep the pps down to make their buy out offer look better.
Lots of moving parts, sometimes hard to keep track of.