This would indicate not much short covering so far, but we are seeing a little. Analysis below:
| Settlement Date | Short Interest | Avg Daily Share Volume | Days To Cover |
|---|---|---|---|
| 5/15/2013 | 2,672,129 | 449,438 | 5.945490 |
Read more: http://www.nasdaq.com/symbol/dxm/short-interest#ixzz2UFKhVXp3
So what does this mean:
http://web.archive.org/web/20130313044201/http://finance.yahoo.com/q/ks?s=DEXO+Key+Statistics
DEXO was around 9-10M shares short so that is around 2M shares short from that entity.
http://web.archive.org/web/20130331202608/http://finance.yahoo.com/q/ks?s=SPMD+Key+Statistics
SPMD was around 1.9M shares short at a .4386 ratio:
1.9*.4386=.8333M shares short from that entity
Total Merged Calc:
1.9*.4386+10*.2=2.8
Compared to 2.6, looks like 7 percent of the shorts covered..
Next Time:
will be interesting to see what prints next time since obviously a lot has happened since 5/15… but my gut says there has been more covering. Evidence is from how many of my shares that I offer to lend are getting borrowed and sold short these days.. that number seems to keep going down… and is significantly lower the past couple days than back when this was taken on 5/15