Jul. 14 at 11:24 PM
$CLSK announced a 20-year lease worth
$6.6B in contracted revenue (up to
$11.6B with extensions), yet the stock saw only a modest move.
7/14 FINRA Data:
• Off-exchange volume: 35.67M vs. 5.27M prior day (+577%, 6.8× higher)
• Short volume: 21.58M vs. 2.27M prior day (+850%, 9.5× higher)
• Short volume ratio: 60.5% vs. 43.1% prior day
• Reported short interest: ~79M shares (~31% of float)
An unusually large increase in both total off-exchange volume and short-marked volume on the day of a major company announcement. The next few sessions should reveal whether this was distribution or accumulation. Draw your own conclusions.
