May. 20 at 9:05 PM
$QUIK was shorted all day today - while the price moved much higher (see snip below).
The previous short interest period ended last Friday, and both Thursday and Friday last week was shorted all day.
Usually, they wait for the new short interest reporting period to end first, before they short, to remain invisible.
The fact that they didn't do that implies that they covered a month or so ago, went long and pushed QUIK price higher along with all the other semis.
Then they shorted again late last week, to PUT BACK their short position several points higher.
It was shorted on Monday too, and today. I forgot to check yesterday.
I will be really interested to see the short interest numbers for this month.
I bet even with all the shorting last week, it won't change much.
So this week being shorted, while pushing the price higher must seem like Nirvana to these big manipulators,
but if you are small and retail, watch out, don't chase, and don't put in stops, which they will be sure to take out.
